GE and Invista will bring 950 high paying jobs to area

[TLT]

GE an Invista will invest 1.1 billion dollars in facilities and equipment in the area in return the county will give 13 million in incentives (over 12 years) to bring 950 high paying jobs to the area. The county Commissioners are expected to approve the incentives, unsure if this will include any state incentives. Do you think this is a good investment of tax money?

[RiverwoodCLT]

Just glade to see Wilmington to get some quality jobs in the area. Yes, the tax money the county will get will off set the 13 Million over 25 years.

[krazeeboi]

Wow, big score for Wilmington!

[rooster8]

Wilmington has done a good job of maintaining a diversified economy. It's not a one trick pony (tourism) town.

[TLT]

Last week Gov. Easley came to Wilmington to announce that the state will pay GE Hitachi Nuclear over $25.7 million for the expansion of its facility, and the creation of 900 new jobs with an average pay of $85,000 a year. The payments will be spread out over 12 years.

The Wilmington location was chosen over 22 other locations around the country. Wilmington has been the world headquarters for GE Hitachi Nuclear Division since 2003.