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Old 05-08-2013, 11:28 AM
 
286 posts, read 553,286 times
Reputation: 172

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The announcement mentions tax breaks. I hope to hell those idiots didn't give tax breaks to a freaking Walmart.
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Old 05-08-2013, 11:47 AM
 
286 posts, read 553,286 times
Reputation: 172
It isn't the big announcement. That is somewhere in Indgreen corporate park.
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Old 05-08-2013, 11:57 AM
 
3,323 posts, read 5,191,638 times
Reputation: 2359
I've heard its ASMO
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Old 05-08-2013, 12:02 PM
Status: "Greenville Works" (set 10 hours ago)
 
3,288 posts, read 5,440,663 times
Reputation: 1069
Ok good, I was going to be disappointed if Wal-Mart adding jobs was considerded a big announcement nonetheless that's more jobs and I'm sure they'll pay better than their stores do. If Asmo is indeed expanding, then that's great news to hear and those tax credits/incentives are well used.

Last edited by BMORE; 05-08-2013 at 12:11 PM..
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Old 05-08-2013, 01:11 PM
 
3,323 posts, read 5,191,638 times
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Indeed it is
The Daily Reflector

Adding 200 jobs
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Old 05-08-2013, 01:15 PM
 
Location: Greenville, NC
2,078 posts, read 5,047,045 times
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I wouldn't call this a "Major" announcement. My guess though was that the alternative was to move the whole plant somewhere else.

And just in case the Reflector throws that story behind their paywall...

An expansion announced today at a local automotive parts manufacturer is expected to add about 200 jobs in Pitt County.

ASMO North America, which makes wiper parts, radiator motors and other parts at its plant in Indigreen Corporate Park north of Greenville, is planning a $50 million investment in its facility through 2016, according to a news release from Gov. Pat McCrory’s office. The expansion will add 200 jobs at the plant during that time frame.


State and local economic development officials gathered with company Wednesday afternoon with representatives at the plant to detail the expansion. N.C. Secretary of Commerce Sharon Decker was there to make the announcement.

It follows a decision by the Pitt County Board of Commissioners on Monday to fund a $1.3 million economic incentive package related to the expansion.

The commissioners unanimously approved a deal to provide the money for an industry that wants to make a $50 million investment over the next eight years. The expansion should create 200 news jobs, said Wanda Yuhas, executive director of the development commission.

The cash incentive will equal 80 percent of the increased value of ad valorem taxes paid in the eight-year period, about $1.3 million, County Manager Scott Elliot said. If the company does not make the investment, the incentive will not be paid.

The development commission also will pay Pitt Community College up to $30,000 toward employee training.

ASMO is located on 37.4 acres on Sugg Parkway adjacent to the U.S. 264 Bypass in Greenville. The company, founded July 20, 1994, is an American division of Japan-based DENSO International Group.

It has more than 528,000 square feet of manufacturing floor space, where it employs about 500 people in the production of wiper motor linkages, rear wiper motors, arms and blades and radiator fan motors for its North American automotive industry customers. Their client list includes auto manufacturers Toyota, Honda, Hyundai, Mitsubishi, General Motors, Ford and Chrysler.

Key Greenville administrative staff include company president Nobuharu Mizuno, vice president Shuji Kimoto, general manager David LeMoine and general manager Mark Cory.
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Old 05-08-2013, 01:48 PM
Status: "Greenville Works" (set 10 hours ago)
 
3,288 posts, read 5,440,663 times
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Well, it's good news and a positive development for Greenville therefore I can't knock it and I in fact applaud ASMO for continuing the improvement and diversification of the Greenville market. Lets hope there is more to come, in the coming days and hopefully these 500 new jobs announced today (with Wal-Mart included) will somehow boost confidence amongst other companies to expand or even better, move here plus this should bring the unemployment rate down a tad.
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Old 05-08-2013, 02:19 PM
 
2,401 posts, read 3,365,960 times
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$50 mill and 200 jobs is nothing to sneeze at. And its establishing a company long term in Greenville that will also help the surrounding communities.

Greenville needs to keep expanding beyond its educational, medical and retail base...this is a good strategic move.
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Old 05-08-2013, 03:10 PM
Status: "Greenville Works" (set 10 hours ago)
 
3,288 posts, read 5,440,663 times
Reputation: 1069
Quote:
Originally Posted by HP91 View Post
$50 mill and 200 jobs is nothing to sneeze at. And its establishing a company long term in Greenville that will also help the surrounding communities.

Greenville needs to keep expanding beyond its educational, medical and retail base...this is a good strategic move.
Exactly my point; Greenville is slowly but surely attempting to diversify and that's what I love to hear.
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Old 05-08-2013, 04:24 PM
 
3,323 posts, read 5,191,638 times
Reputation: 2359
Sadly, WRAL has a better recap than the "news organizations" in the east.
  • 200 new jobs in the next three years
  • Plans to invest $50 million
  • Currently employs more than 530 workers
  • average annual salaries for the new jobs will be $34,628. Pitt County average wage is $33,769.

Two firms to expand NC operations, add 500 total jobs :: WRAL Tech Wire
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