Jeld-Wen will locate its new North American Headquarters operations in Charlotte, thus creating at least 142 jobs over the next two years and investing USD 2 million.
North Carolina Governor Bev Perdue announced that Jeld-Wen will locate its new North American Headquarters operations in Charlotte, thus creating at least 142 jobs over the next two years and investing USD 2 million. The project was made possible in part by a state Job Development Investment Grant.
Jeld-Wen currently has 260 employees in North Carolina at two different manufacturing locations in McDowell and Davidson counties. The company’s global headquarters will remain in Klamath Falls, Oregon.
Compensation will vary by job function, but the average annual payroll will be more than USD 13.4 million, plus benefits, according to a statement released by the Governor’s office.
When the news was announced, North Carolina’s Economic Investment Committee voted to award a Job Development Investment Grant (JDIG) to Jeld-Wen. JDIGs are awarded only to new and expanding businesses and industrial projects whose benefits exceed the costs to the state and would not be undertaken in North Carolina without the grant.
Under the terms of the JDIG, the company is eligible to receive a grant equal to 60% of the state’s personal income withholding taxes derived from the creation of new jobs for each of the nine years in which the company meets annual performance targets. If Jeld-Wen meets the targets called for under the agreement and sustains them for nine years, the JDIG could yield USD 2.54 million in maximum benefits for the company, according to the statement.
Jeld-Wen employs approximately 20,000 people worldwide and has manufacturing and distribution locations across the US and in more than 20 countries.