Along with an investment of $176 million among two plants in North Carolina, Corning Inc. has announced the addition of 410 jobs to come with the funding, reported Charlotte Business Journal.
Across the five existing locations in the state, Corning employs 3,000 people. An additional 200 Charlotte-area positions will be created at the optical cable plant in Catawba County, which will remain as is, while 200 people will be brought in to the optical fiber facility located in Cabarrus County.
Local and state grants will cover close to $11.3 million of the funding – if the company can meet the hiring mark by 2018 and as well as its retention goals, reported The News & Observer. The local and state payments will be delivered over a 12-year period, if the company retains those employees for that duration.
Numerous other retention goals must also be met in order to receive the incentives.
This is the second time New York-based Corning has brought jobs to the Charlotte region in the past year. According to The News & Observer, in September the company added 105 and 100 jobs to plants in Hickory and Winston-Salem, respectively.
Salaries of positions added to the two new facilities will be between $56,963 and $58,146, well above the state average.