InVue Security Products Inc., a security firm focusing on retail theft, will invest $750,000 to expand its global headquarters in Charlotte, North Carolina, with plans of creating 70 jobs over the next four years in Mecklenburg County.
InVue plans to expand its current Charlotte facility to serve as its innovation and design center. The expansion will also include engineering operations, a quality lab and product showroom. “We’re extremely excited about the opportunity to expand our corporate headquarters here in Charlotte,” said InVue President Jim Sankey. “We believe that Charlotte provides us the perfect environment of creativity, business resources, professional services and talent that we need to continue to grow our business.”
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. “We are proud to partner with InVue to help them expand jobs here in North Carolina,” said Governor Pat McCrory. “North Carolina will continue to build on its economic development brand and effectively leverage our state's talent and resources to grow our state's economy.”
“The North Carolina Department of Commerce is committed to working with companies to spur job creation and growth,” said Sharon Decker, North Carolina Secretary of Commerce. “We congratulate InVue for their success and for investing in North Carolina once again.”
As an incentive Economic Investment Committee voted to award a Job Development Investment Grant to InVue Security Products. Under the terms of the company’s JDIG award, InVue is eligible to receive up to nine annual grants equal to 35 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 nine years, the JDIG award could yield aggregate benefits to InVue of up to $702,000.