BSH Home Appliances Corporation, a subsidiary of Germany-based BSH Hausgeräte GmbH, plans to create 460 new jobs during the next give years in Craven County, North Carolina. The company will invest nearly $80.7 million at the current site through the end of 2019.
The company will expand its central distribution and call center operations in New Bern. New positions will include production personnel, logistics specialists, administrative and other staff.
“The investment BSH Home Appliances will make to expand its manufacturing, central distribution and call center operations in New Bern exemplifies our ongoing commitment to the State of North Carolina,” said Frank Rebmann, Commercial Director at BSH Home Appliances. “We would like to thank the State of North Carolina and Craven County for its support of this important expansion.”
BSH Home Appliance’s expansion in Craven County will be facilitated, in part, by an award to the company from the state’s Job Development Investment Grant program that was approved by the state’s Economic Investment Committee today.
Under the terms of the company’s JDIG, BSH is eligible to receive up to nearly $4.1 million in total reimbursements. Payments will occur in annual installments over 12 years pending verification by NC Commerce and NC Revenue that the company has met incremental job creation and investment targets. JDIGs reimburse new and expanding companies a portion of the newly created tax-base with the goal of increasing the overall tax benefit to the State of North Carolina.
By law, JDIG projects must result in a net revenue inflow to the state treasury over the life of the award. For projects in Tier 2 counties such as Craven County, 15 percent of the award amount is directed to the state’s Industrial Development Fund – Utility Account to help finance economic infrastructure in less populated counties. BSH Home Appliance’s expansion could provide as much as $455,200 in new funds for the Utility Account.
The company is the largest manufacturer of home appliances in Europe and one of the leading companies in the sector worldwide. BSH Home Appliances built its first plant in New Bern in 1997 and has since undertaken several expansion projects. BSH facilities in New Bern produce and distribute dishwashers, ovens, ranges and cooktops. Its existing North Carolina workforce totals more than 1,000 employees.
“The expansion of BSH in Craven County is evidence that our improvements to North Carolina’s business climate and workforce development are helping ensure our manufacturing economy is firing on all cylinders,” said Governor Pat McCrory. “We salute the continued growth and success of this prestigious name in Eastern North Carolina’s business community.”
Several partners joined NC Commerce and EDPNC in supporting BSH Home Appliance’s expansion. They include the North Carolina Community College System, the Eastern Carolina Workforce Development Board, Craven County and the Craven 100 Alliance.