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Appliance manufacturer picks Charlotte for HQ, more than 700 jobs

Posted December 16, 2009

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— Appliance manufacturer Electrolux, which operates a manufacturing plant in Kinston, is moving its North American headquarters to Charlotte and will create more than 700 new jobs, Gov. Bev Perdue announced Wednesday.

Electrolux currently operates its headquarters in Augusta, Ga.

The company plans to consolidate several operations from around the U.S. to Charlotte and investment more than $8 million. A “minimum of 738 jobs” will be created, according to the governor’s office.

Electrolux makes dishwashers at the Kinston plant and employs most of its 650 North Carolina employees at that location.

North Carolina agreed to provide Electrolux with a $1.2 million grant from the One North Carolina Fund, which requires a local match.

Electrolux also received a Job Development Investment Grant, or JDIG, that could be worth nearly $25 million over 12 years. The JDIG is a 75 percent rebate of state employment taxes paid by employers for new jobs created under the agreement.

24 Comments

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  • manofjustice Dec 17, 2009

    If this is going to be in Charlotte why is it in our news? They aint gon be hiring me no ways. And aint nobody gon drive to Charlotte to work there erday.

  • lkanzig Dec 16, 2009

    one question.

    how big of tax breaks did our fearless leaders promise?

  • Bill Brasky Dec 16, 2009

    "I would love for Pat McCroy to be governor and yes I think we would still be getting these companies. Bev will have her day in court just like sleezy Easley did."

    Would be naive to think Pat wouldn't be in the same position. In case you haven't noticed this country, if not the world, is in a major recession. To think North Carolina would have a bubble to protect us from the recession shows how poorly educated some people are in this state. Bev is doing a great job and the negative comments are political nonsense.

  • OpinionOnEverything Dec 16, 2009

    "Does it mean the jobs in Kinston will be part of the 700+ jobs coming to the big city? If so the deal is not as good as they paint the picture to be for Kinston or the taxpayers"

    The article says "over 700 NEW jobs"...

    I'm guessing another set of "birther" trolls on these WRAL message boards trying to sow seed of doubt and negativity, as part of a vast right-wing conspiracy to destroy America! Honestly, don't you have anything better to do?

  • StaggerLee Dec 16, 2009

    Some of you are nuts. I am pretty conservative, but you have to accept that having more jobs in the state is better than having fewer jobs. At what expense? We are offering tax incentives now in return for direct cash benefits that will come to us in the form of salaries, living expenses, luxury expenses etc...

  • OpinionOnEverything Dec 16, 2009

    "Remember, this one is in Charlotte. A great deal of people that work there live, pay income tax, shop, buy gas with lower tax, etc., in South Carolina. So not so sure you will see all that money spent in good ole' NC!"

    Yeah, let's be as negative about new jobs as possible, just to make the current governor look bad or rain on everyone else's parade! Even if a large minority of workers come from SC, they will spend much of their money in NC, including their mortgage payments to BofA and Wachovia. If their site is just across the border, maybe more from SC. If not, you can't say.

    But, I guess most of the people in SC feeling all smug about their "lower" taxes and gas, still can't compute the cost of driving those extra miles in their SUV, and extra depreciation costs getting to their office park in Mecklenburg.

    I wouldn't worry too much about not getting more out of this incentive package than we put in. It's pretty much case closed if you do the math.

  • mchlpickle Dec 16, 2009

    Does it mean the jobs in Kinston will be part of the 700+ jobs coming to the big city? If so the deal is not as good as they paint the picture to be for Kinston or the taxpayers.

  • TooMuchDrama Dec 16, 2009

    In response to "Creating 738 new jobs with an average salary of $40,000 per year equals nearly $30 million in salaries that will be spent in our state EVERY YEAR. This doesn't include property taxes and utilities paid by Electrolux. So for a modest incentive of $27.2 million dollars over ten years, we get econimic stimulus worth 10 TIMES the amount of investment. You can't beat that in the stock market!"

    Remember, this one is in Charlotte. A great deal of people that work there live, pay income tax, shop, buy gas with lower tax, etc., in South Carolina. So not so sure you will see all that money spent in good ole' NC!

  • Grandpeople Dec 16, 2009

    I would love for Pat McCroy to be governor and yes I think we would still be getting these companies. Bev will have her day in court just like sleezy Easley did.

  • Grandpeople Dec 16, 2009

    I think we are all happy that companies are coming to NC. I only hope that we are requiring them to hire current residents with the grant money being provided. It comes out of my pocket some how. Good Luck to all who need a job.

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