Inmar invests $24.5 million on expansion in Winston-Salem, North Carolina, creating more than 200 jobs
The project was made possible, in part, by awards from the state's Job Development Investment Grant Fund and One North Carolina Fund.
"Creating jobs is my top priority," said Gov. Bev. Perdue, "The fact that Inmar chose to expand with us in North Carolina is a testament to our top-notch business climate and the potential to develop a tremendously skilled workforce."
Inmar offers an array of business services to 1,700 retail, pharmaceutical and manufacturing clients including; supply chain consulting and analysis, field audit services, planning, returned goods management, remarketing, digital promotions, rebates management, pharmacy receivables and contract management and coupon processing.
"Inmar has positioned itself to be competitive in the marketplace and we are honored that the City of Winston-Salem, Forsyth County and the State of North Carolina support our vision for economic growth and expansion," said David Mounts, Inmar CEO.
As an incentive for the company to expand in Winston-Salem, North Carolina officials awarded the firm up to $237,000 from the state's One North Carolina Fund. This fund assists the state in industry recruitment and expansion by providing financial assistance through local governments to attract business projects. One North Carolina Fund grants require a local match, and this grant is contingent upon approval of local incentives.
In addition, the state Economic Investment Committee voted to award a Job Development Investment Grant to Inmar. Under the terms of JDIG, the company is eligible to receive a grant equal to 70 percent of the state personal income withholding taxes derived from the creation of new jobs for each of the 10 years in which the company meets annual performance targets. If Inmar meets the targets called for under the agreement and sustains them for 10 years, it could yield as much as $4.167 million in maximum benefits for the company.
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