Food packaging firm to remain in Rocky Mount
Posted April 4, 2011 3:20 p.m. EDT
Rocky Mount, N.C. — A food packaging company that had considered moving its operations to South Carolina will remain in Rocky Mount, officials said Monday.
Ossid, a division of Pro Mach, will add six jobs to its 79-person work force in Rocky Mount, officials said. State officials provided the company with a $200,000 grant from the One North Carolina Fund to entice it to stay.
The grant will help the company invest $850,000 in the plant over the next three years.
"The One N.C. grant is, in our view, an innovative approach by North Carolina for investing in local job creation and business growth now and well into the future,” Bud Lane, president of Pro Mach's Primary Packaging Business Unit, said in a statement. “The grant, plus our own projected investment, will be used to take the company to the next level of product innovations, customer service and required business infrastructure."
The average annual wage of the six new jobs will be $38,000, plus benefits. Edgecombe County's average annual wage is $33,176.
According to an economic analysis, Ossid’s presence in North Carolina has an annual economic impact of $14 million to $16 million.