Riding sales growth in the Southeast, New York-based Crystal Window & Door Systems is expected to create the jobs at a new factory in Selma, state officials said.
Read MoreBioAgilytix Labs said declines in biotech funding caused the company to shift its strategy. Its grant was one of three canceled Tuesday by state economic developers.
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The state terminated economic incentives deals with three companies Tuesday. Two of them cited remote work arrangements as a factor.
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In exchange for the 102 jobs and millions of dollars in promised capitol investment in Lee County, Kyowa Kirin will receive over $10 million in state and local incentives.
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Many of the potential expansions are blue collar, industrial jobs. Of the 20 projects that kicked off in January, none were for office jobs, officials said.
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At the sixth-annual State of the Region event, speaker Tom Snyder questioned the efficacy of large tax incentive packages, suggesting that the funding be reallocated to entrepreneurs. Hear what he and other state leaders had to say.
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State economic developers had approved an incentives package worth up to $32.3 million for the company’s planned 1,165-person expansion in Raleigh. The company asked the state to terminate the grant after failing to meet employment targets.
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Cummins Inc. (NYSE: CMI) announced a $580 million, tax incentive-supported investment plan for its engine plant in Rocky Mount.
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Toyota will make an investment of nearly $1.3 billion to construct a battery manufacturing plant at a ‘megasite’ in Randolph County.
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