Durham City Council approves funds for EMC

Posted October 20, 2009

— The Durham City Council on Monday approved incentives to help EMC Corp. (NYSE: EMC) establish a new research facility in Durham County.

The city could give the company up to $1 million.

Last week, county commissioners unanimously approved allocating funds to help EMC.

Commissioners are in favor of providing $1.2 million over a period of seven years for costs of the expansion. Of that amount, $200,000 would be reserved to pay for training expenses of employees who are Durham residents.

The storage technology giant will hire 397 people and invest $280 million in the research facility. The jobs will be created over five years.

The new jobs will pay an average salary of $74,325, plus benefits.

EMC already operates one of its major manufacturing facilities in Apex and has a research and development operation in Research Triangle Park.


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  • lrgic2broke Oct 20, 2009

  • BigUNCFan Oct 20, 2009

    Can anyone say Dell?

  • seankelly15 Oct 20, 2009

    lrgic2broke - I am not sure where you get your information.

  • aspenstreet1717 Oct 20, 2009

    Government bodies do this so they can claim that they 'created jobs'. It's all politics. When it back fires like Dell or the Randy Parton theater they all hide and try to blame someone else.

  • doubletap357 Oct 20, 2009

    They probably don't need an incentive, but they aren't going to turn one down if offered.

  • Space Mountain Oct 20, 2009

    If they are doing so well, and have money to expand and hire more people, why would they need an incintive? They already have their headquarters here, so it's not like they are going to go anywhere.

  • lrgic2broke Oct 20, 2009

    Dumb, Dumb, Dumb. Still waiting on Quintiles to uphold their part of the "hiring" agreement.