A Wisconsin ventilation system supplier plans to invest $10.3 million over five years and add 102 jobs over the next three years at its Kings Mountain plant, local and state officials said today.
Greenheck Fan Corp. plans to expand its facility to increase production of commercial kitchen ventilation systems. The company produces fans and ventilators for air handling systems in businesses such as hotels, malls, offices and commercial kitchens.
The company also is getting state and local incentives, including a $66,000 grant from the One North Carolina Fund, Gov. Mike Easley's office said. The fund provides financial aid through local governments to help attract business projects.
Cleveland County commissioners are set to vote this month on a request to provide incentives totaling about $170,000. The money would come in the form of grants after the company pays property taxes over five years, said Kristin Fletcher, assistant vice president of economic development for the Cleveland County Chamber of Commerce. The county also knocked off $225,000 in the cost for land the company purchased in the county business park, Fletcher said.
She said another incentive involves Gardner-Webb University, which is giving the company $85,000 in tuition credits at the school.
On its Web site, Greenheck said it has annual sales of approximately $500 million and employs more than 2,600 people.
Adam Bell: 704-358-5169