Durham officials approve funds for EMC
Posted October 12, 2009 9:33 p.m. EDT
Updated October 13, 2009 6:48 a.m. EDT
Durham, N.C. — Durham County commissioners on Monday unanimously approved allocating funds to help EMC Corp. (NYSE: EMC) establish a new research facility in Durham County.
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.