Electrolux Invests $85 Million To Expand Charlotte, North Carolina, Headquarters-Operations Center
Area Development Online News Desk (12/20/2013)
Electrolux, a global leader in home and professional appliances, will invest $85 million to expand its headquarters in Charlotte, North Carolina, creating 810 jobs by the end of 2017 at its Mecklenburg County location.
“Electrolux is committed to bringing innovative solutions to consumers and advanced manufacturing,” said Jack Truong, President and CEO of Electrolux Major Appliances North America. "As a leader in appliance R&D, innovation and beautiful design, we’re excited about what this new expansion means for the future of our business and that our continued investment in Charlotte will help bring jobs and drive economic growth.”
The firm is planning to expand its presence in Charlotte with the construction of a new facility adjacent to its current headquarters. The new facility will be home to much of the company’s research and development activities as well as marketing, design, engineering, supply chain, finance, IT and executive management. The company currently employs nearly 1,500 people in North Carolina, including approximately 760 at its current headquarters in Charlotte. The others are employed at a manufacturing facility in Kinston and a parts distribution center in Asheville.
“We’re proud to partner with Electrolux to help them bring more high-paying STEM jobs to North Carolina,” said Governor Pat McCrory. “This announcement helps solidify our position as a state with a skilled workforce and strong business climate, and a place where global companies operate their North American headquarters with much success.”
“The North Carolina Department of Commerce is committed to working with existing companies to spur job creation and growth,” said North Carolina Commerce Secretary Sharon Decker. “We congratulate Electrolux for their success and for investing in North Carolina once again. They’ve been a strong community partner in Mecklenburg County and we look forward to that increasing.”
The project was made possible in part by an award from the state Job Development Investment Grant program. Receipt of the award is based on proof of job creation and other performance requirements, Governor Pat McCrory’s Office said.
The state Economic Investment Committee voted to award a Job Development Investment Grant to Electrolux. JDIGs are awarded only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state and which would not be undertaken in North Carolina without the grant.
Under the terms of the company’s JDIG award, Electrolux is eligible to receive up to 12 annual grants equal to 75 percent of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award. Receipt of each annual grant is based on state-certified proof that the company has fulfilled incremental job creation and capital investment requirements. Over 12 years, the JDIG award could yield aggregate benefits to Electrolux of up to $27.4 million.
Other partners who assisted with this announcement include: The N.C. Department of Commerce, Mecklenburg County, City of Charlotte, and the Charlotte Chamber.