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Gov. Bev Perdue recently announced that P&G Manufacturing (PGM) will build a manufacturing facility that will increase its capacity to produce air filtration equipment in Washington, N.C. The company expects to create 32 full time jobs and invest $4 million in the plant by 2012. The project was made possible in part by a $96,000 grant from the One North Carolina Fund.
“My top priority as Governor is growing jobs,” said Gov. Perdue. “P&G Manufacturing has grown in North Carolina since 1976. This grant will help the company nearly double its workforce and greatly expand its facility. Like so many other companies, P&G Manufacturing has succeeded because it is able to tap into our skilled, well-trained workforce.”
This 50,000-square-foot facility will allow the company to consolidate operations into one building and provide the space needed for additional equipment. PGM manufactures a wide array of air filtration equipment that surpasses the tolerances of any other manufacturer. The company uses the latest drafting software and modeling techniques to perform the engineering required to exceed industry standards. The final product is manufactured using state of the art welding equipment and welders certified under the ASME Boiler and Pressure Vessel Code. PGM currently employs 42 people.
Salaries will vary by job function, but the average annual wage for the new jobs will be $33,516 not including benefits. The Beaufort County average annual wage is $30,680.
“The support we have gotten from Gov. Perdue and the state of North Carolina will allow us to move forward with the next phase of growing the company,” said Charles Rasmussen, chairman and president of P&G Manufacturing. “With this grant, we can leverage our financial resources to build a new facility and hire the additional people needed to meet future demand.”
The One North Carolina 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.
North Carolina continues to have a top-ranked business climate. Through Gov. Perdue’s JobsNOW initiative, the state works aggressively to create jobs, train, and retrain its workforce, laying the foundation for a strong and sustainable economic future.
Through the use of the One North Carolina Fund, more than 50,000 jobs and $9 billion in investments have been created since 2001. Other partners that helped with this project include the North Carolina Department of Commerce, North Carolina Community Colleges, the Beaufort County Economic Development Commission, Beaufort County, Town of Washington, North Carolina State University, and the Northeast Commission.
