Window and Door Manufacturer, JELD-WEN, Invests $2 Million To Locate North American Headquarters in Charlotte, North Carolina
“We are very pleased to expand in North Carolina and establish our North American headquarters in Charlotte,” said Philip Orsino, JELD-WEN President. “As a thriving financial center, Charlotte offers access to an abundance of world class business services and amenities that are important to our growth and productivity. In addition to business necessities such as an international airport and professional services, we also appreciate Charlotte’s outstanding quality of life and affordable cost of living.”
“The Charlotte Chamber welcomes JELD-WEN to the Queen City. They join a growing list of global companies choosing to locate their North American headquarters here because of the competitive advantage we have to offer. From the sixth busiest airport in the nation for operations to our affordability and quality of life, Charlotte continues to attract top tier corporations,” said Bob Morgan, Charlotte Chamber president.
“North Carolina continues to be a top choice for companies looking to expand or relocate operations,” said Gov. Bev Perdue. “North Carolina is a tremendous place to do business and we have a knowledgeable and skilled workforce. Our priorities of investing in education and economic development continue to pay off.”
To help facilitate this expansion, the state Economic Investment Committee awarded a Job Development Investment Grant. JDIGs are awarded only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state and would not be undertaken in North Carolina without the grant.
“We appreciate Governor Perdue’s supportive policies and her team’s hard work,” continued Orsino. “We have had a presence in North Carolina since 1962 and we look forward to significantly increasing our investment and footprint here.”
Under the terms of the JDIG, the company is eligible to receive a grant equal to 60 percent of the state’s personal income withholding taxes derived from the creation of new jobs for each of the nine years in which the company meets annual performance targets. If JELD-WEN meets the targets called for under the agreement and sustains them for nine years, the JDIG could yield $2.54 million in maximum benefits for the company.
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