Textile manufacturer Vescom America Inc. will open a facility in Vance County, N.C., creating 75 new jobs and investing $9 million during the next three years. North Carolina economic development officials have approved a $125,000 One North Carolina Fund grant to support the project.
Vescom America Inc. will relocate its vinyl wall coverings and upholstery operations from Orangeburg, N.Y., to Henderson. While wages will vary by job function, the expected average weekly wage of the new jobs is $630 plus benefits, which is higher than the Vance County average weekly wage of $477 not including benefits. Nearly all of the positions will be filled locally.
"Our decision to relocate operations to Vance County was based upon North Carolina's manufacturing friendly environment and the skilled textile workforce available in the Henderson area," said Joe Berasi, president of Vescom America. "The Vance County Economic Development Commission understood our requirements for facilities, utilities and job training and exceeded our expectations."
The One North Carolina Fund assists the state in industry recruitment and expansion by providing financial assistance through local governments to attract business projects that will stimulate economic activity and create new jobs in the state. One North Carolina Fund grants require and are contingent on a local match. Through the use of this Fund, more than 19,000 jobs and $3 billion in investment have been created since 2001.
For MORE NEWS BRIEFS, click here.
For a FREE SUBSCRIPTION to Expansion Management, click here.
Go to STATE SPOTLIGHTS to read more about other news and articles about this state.
Go to INDUSTRY SPOTLIGHTS to read more about other news and articles about this industry sector.
