UPDATE: P&G receives $2 milllion in incentives
Procter and Gamble Co., a mainstay of the Guilford County economy for three decades, confirmed Friday that it will expand its manufacuturing operations in Greensboro and create 200 new jobs.
The Cincinnati-based consumer goods company will invest more than $100 million and create the additional jobs during the next three years, the Greensboro Economic Development Alliance announced.
“Salaries will vary by job function, but the average annual wage for these new jobs is projected to be $52,000, which is 24 percent higher than the Guilford County average of $42,000,” according to the alliance.
Procter & Gamble received local incentives totaling $1,936,000. The Greensboro City Council approved $961,000, while the Guilford County Board of Commissioners authorized $975,000.
The expansion will take place at Procter & Gamble’s northern Greensboro location near the town of Browns Summit.
“This is another example of an existing business that has affirmed the fact that operating out of Greensboro is a valuable part of their company’s strategy for success,” said Dan Lynch, president of the alliance.
Procter and Gamble, headquartered in Cincinnati, and the largest consumer packaged goods company in the world, has announced a major expansion of its manufacturing facilities in Greensboro.
P&G will invest over $100 million, and create an additional 200 jobs in Greensboro over the next three years. The company has been a major Greensboro employer since coming to the city 30 years ago.
Jim Phillips, chairman of the Greensboro Economic Development Alliance’s Operating Group, said “this is fantastic news for Greensboro, I know for a fact that the Greensboro City Council and Guilford County Board of Commissioners came together to send a strong message to the P&G leadership team – we want you to continue to invest and grow in Greensboro.”
Dan Lynch, president of the Greensboro Economic Development Alliance, said “helping to bring this expansion to Greensboro was a wonderful experience, working together with the company, our economic development team representing Greensboro Economic Development Alliance, the City of Greensboro, Guilford County, and the NC DOC assessed P&G’s requirements and quickly responded to site and building regulatory issues, workforce identification and training programs, and guided the company through the state and local incentive process.” Lynch also saidd, “This is another example of an existing business that has affirmed the fact that operating out of Greensboro is a valuable part of their company’s strategy for success. Greensboro is a great place for business.”
Salaries will vary by job function, but the average annual wage for these new jobs is projected to be $52,000, which is 24 percent higher than the Guilford county average of $42,000.