VSA LLC, a company that recycles automotive catalytic converters, will locate its production facility in Burke County, North Carolina. The move will create 98 new jobs and invest $4.5 million over the next two years in the city of Morganton.
"We selected Morganton for its proximity to major highways and because it has one of the cheapest energy costs in the country," said VSA Financial Director Alex Styagov. "We were also pleased by the low property taxes; abundance of industrial space; a highly qualified work force; and city, county, and state business incentive programs."
The One North Carolina Fund has extended $98,000 in performance-based grants to VSA.
The company has its headquarters and a pilot plant in Morganton. It plans to expand into a bigger space in its headquarters city.