MONROE – Dymax Corporation, a Connecticut-headquartered company, will open a new facility and invest nearly $47 million in Monroe, Union County.

The state’s Economic Investment Committee approved an incentives package worth an estimated $1.7 million, and Union County will offer economic incentives of about $1.9 million, according to a spokesperson for the North Carolina Department of Commerce.

Those incentives are tied to job creation and investment targets.  The company plans to add 227 jobs, a spokesperson for the Department of Commerce told WRAL TechWire.

Dymax announced a $21.5 million facility in Gastonia in 2020 with plans to hire as many as 59 workers.

Dymax Corporation to establish $21.5M manufacturing facility in Gaston County, creating 59 new jobs

This is a developing story and will be updated.