Corning Incorporated said Monday that it plans to expand its Hickory fiber optic cable facilities with a $30 million investment that’s expected to create 105 new jobs.
The jobs will be created over the next five years. Wages will average $58,000, Corning said. The expansion is being prompted by the growing demand for fiber optic internet service to homes, as providers such as AT&T and Google race to upgrade their networks throughout the U.S.
The state is offering Corning up to $1.93 million in economic incentives if it meets job creation goals, including another 100-job expansion announced for Winston-Salem. The company’s payments will take place over 12 years, and Hickory and Catawba County are considering matching local incentives Monday evening.
““We are pleased to announce this expansion of our world-class optical communications capacity in Hickory, where it all began over 35 years ago,” said Clark Kinlin, executive vice president of Corning Optical Communications. “This expansion would not be possible without the ongoing support of city, county, and state government entities that help make this increased investment here a win for Corning, for the Hickory community, and for our highly-skilled, dedicated employees who work and live here.”
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Corning announced earlier this year that it is moving its Corning Optical headquarters to a new, $38 million building in the Riverbend mixed-use project at Brookshire Boulevard and Mount Holly-Huntersville Road. The company expects to employ up to 650 workers there within five years.