State officials this morning approved a grant worth up to $8.5 million to persuade Mack Trucks to move its headquarters to Greensboro from Allentown, Pa.
The company is expected to create 493 jobs paying an average of $70,000 a year, according the N.C. Department of Commerce.
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To receive the money, the company also agreed to keep 1,458 jobs it already has in North Carolina.
Mack Trucks, one of the world's largest truck makers, is a subsidiary of Volvo Group of Sweden, the world's second-largest producer of heavy-duty trucks.