Business

Appliance manufacturer picks Charlotte for HQ, more than 700 jobs

Posted December 16, 2009 12:05 p.m. EST
Updated December 16, 2009 12:07 p.m. EST

— 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.