CBC Americas Corporation will locate its U.S. headquarters in Wake County and open a distribution center in Alamance County, North Carolina. The company plans to invest at least $3.5 million.
Article continues below
The move will create 67 new jobs in Wake County and 29 new jobs in Alamance County over the next five years.
CBC Americas Corporation is a wholly owned subsidiary of the Japan-based CBC Co. Ltd., and part of a global network of import, export, trading, and distribution companies, strategically located throughout the world.
The company is comprised of six business divisions: Imaging Technology, Optics, Chemicals & Pharmaceuticals, Flooring, Plastics and Eco-Energy. The company specializes in security solutions, chemicals and pharmaceuticals, renewable energy technology and video surveillance products.
Salaries will vary by job but will include executive, technical and manufacturing positions. The average annual salary for the Wake County positions will be $85,962 and the Alamance County positions will average $36,128.
In both cases, wages are above the county annual average salary; $50,702 in Wake County and $36,019 in Alamance County.
"CBC AMERICAS extends its deepest appreciation to the towns of Cary and Mebane, Wake and Alamance counties and of course the state of North Carolina for their support and cooperation in this corporate relocation," said Kazuhiko Kondo, chief executive officer and executive vice president
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $63,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state.
Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
In addition to the N.C. Department of Commerce and the Economic Development Partnership of N.C., other partners that helped with this project include: North Carolina Community College System, Capital Area Workforce Development, Regional Partnership Workforce Development, Elon University, Meredith College, North Carolina State University, North Carolina Japan Center, the Town of Mebane, Alamance County, the Cary Chamber of Commerce, the Town of Cary and Wake County Economic Development. ■
A low pressure wave forming along a cold front will track across the New England coast this morning, bringing a period of rain, heavy at times for much of New England, especially for Maine today.