Mitsubishi Nuclear Energy Systems to open $4.1M engineering center in Charlotte, create 135 jobs
Published: May 31, 2011
Time posted: 10:44 am
Tags: Beverly Perdue, Mitsubishi Nuclear Energy Systems
Mitsubishi Nuclear Energy Systems plans to open its main engineering center in Charlotte, in a $4.1 million project that will create 135 jobs over the next five years, officials announced today.
Gov. Beverly Perdue and Mitsubishi executives made the announcement at the University of North Carolina at Charlotte.
Mitsubishi will use the facility “to perform projects to build nuclear power plants for U.S. utility companies,” Perdue’s office said in a news release.
According to the governor’s press release, wages for the jobs will vary based on function, but the average will be $102,454 a year, not including benefits.
Mecklenburg County’s average annual wage is $51,584.
A state gave the company a Job Development Investment Grant for the project. Such grants are awarded only to new and expanding businesses and industrial projects that the state deems to have benefits that exceed the costs to the state. The grants are also given to projects that would not be undertaken in North Carolina without them.
Under the terms of program, a company can receive a grant equal to 60 percent of the state personal income withholding taxes derived from the creation of new jobs for each of the nine years in which the company meets annual performance targets. Mitsubishi could get up to $2.8 million in benefits.
The grant could also pump $961,000 into the state’s Industrial Development Fund. When a JDIG is awarded in more economically prosperous counties, such as Mecklenburg, 25 percent of the grant award is allocated to the IDF to encourage economic development in less-prosperous counties.