Monitoring the economic pulse of the Triad by JordanGreen
Deere-Hitachi plans to add 340 jobs in eastern Forsyth
Deere-Hitachi Construction Machinery Corp. plans to expand operations in Kernersville, creating at least 340 jobs by the end of 2016 and invest more than $97 million, Gov. Bev Perdue announced last week.
The multinational company is 50-50 venture between Illinois-based John Deere and Hitachi Construction Machinery Corp. in Tokyo. The company currently employs 743 people in Forsyth County, and also maintains operations in Canada and Brazil. The company makes and distributes excavators.
A press release from the governor’s office noted that the average compensation for the new positions is expected to be $42,102 plus benefits, compared to an average annual wage in Forsyth County of $42,588. To incentivize the expansion, the state awarded the multinational company a $510,000 grant from the One North Carolina Fund. Deere-Hitachi is also receiving a Job Development Investment Grant, which makes the company eligible to receive a grant equal to 65 percent of state personal income withholding taxes, or up to $3.5 million, if it meets performance targets.
Perdue credited North Carolina’s “welltrained workforce and central location with access to customers and transportation channels” with landing the expansion.
Career fair scheduled for Wednesday in High Point
Goodwill Industries of Central North Carolina holds a career fair at Oak Hollow Mall in High Point on Wednesday from 11 a.m. to 3 p.m. Companies that plan to have representatives in attendance include Goodwill, Belk, Dillard’s, Bath & Body Works, Bayada, Sears Operation Center, KGB, Crown Automotive, Sonic Drive-In, Vann York, LabCorp, the Home Depot, United Healthcare, Harris Teeter, Avon and Mary Kay, among others.