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SPX Investing $70M in Charlotte, North Carolina, HQ

11/15/2010
SPX Corporation is investing $70 million and creating 180 jobs as part of a plan to build a new global headquarters in Charlotte, North Carolina. The state's Job Development Investment Grant (JDIG) program and One North Carolina Fund are supporting the expansion.

"SPX is proud to call North Carolina home, and we remain committed to growing our global manufacturing business so we can continue to make a valued contribution to the economy of this great state and have a lasting, positive impact on the communities in which so many of our employees work and live," said SPX Chairman, President, and CEO Christopher J. Kearney.

SPX is a leading provider of engineered products and technologies for global energy infrastructure, food and beverage process equipment, and vehicle servicing diagnostic tools.

The One North Carolina Fund has extended SPX a $350,000 grant. The JDIG is valued at a maximum of $4.15 million.

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