3 foreign companies could get millions for NC factory jobs
RALEIGH, N.C. (AP) — Three foreign companies are setting up manufacturing operations in North Carolina in return for millions of dollars in tax breaks.
A state committee on Thursday approved incentives for Sunrise Global Marketing and Tristone Flowtech USA, both of which forecast lower-than-average salaries compared to the counties where they’re locating.
Sunrise is part of a Chinese group making lawn and garden power tools in Burke County. It could get up to $2.8 million in tax breaks if it meets targets including nearly 190 jobs over five years. German auto parts maker Tristone could get almost $4 million for employing 300 by 2023 at an Iredell County factory.
Hydraulic lift maker Hydrotech Engineering and its Belgian parent plan 150 jobs over five years in Gaston County and could get $3.4 million.