Locker
makes brings 300 manufacturing jobs to Martin County
Penco
Products, among the world's
largest manufacturers of lockers such as those found in
educational institutions, health facilities and fitness
centers, said Thursday that it will
locate a new manufacturing facility in Martin County, one of
the state's most economically depressed, investing $11.2
million and creating 300 new jobs.
"I am proud that Penco
Products has chosen to locate this facility in Martin
County," said Gov. Mike Easley. "We work hard in
North Carolina to provide good jobs for our working families
and to create a climate in which top companies can grow and
thrive. This announcement today is testament that our hard
work is paying off."
Penco, which manufactures
industrial shelving, ship furniture, storage cabinets and
other sheet metal products, is expected to begin operations
next month in the former Alamac Knits building in Hamilton and
be fully operations by December. See map below.
"In North Carolina we are
driven every day to create good jobs and improve the economic
well-being for everyone in our state," said Commerce
Secretary Jim Fain. "That's why we are so pleased that
Penco Products has chosen to locate this facility in Martin
County, creating 300 jobs in an area of our state that needs
them most. I look forward to working with Penco Products as
they grow and thrive in North Carolina."
In addition to the Department
of Commerce, Penco Products worked with the Martin County
Economic Development Corporation and the North Carolina's
Northeast Partnership in their site selection process.
"We are looking forward to
being a part of Martin County's industrial community,"
said Bob Heffernan, vice president of manufacturing for Vesper
Corp, Penco's parent company. "We have been impressed
with Martin County's team concept toward economic development
and the willingness of the entire community to ensure our
company's success here."
Martin County is classified by
the Department of Commerce as a Tier One county, meaning it is
among the state's most economically depressed. Under the
William S. Lee Quality Jobs and Business Expansion Act,
companies locating in Tier One counties such as Martin are
qualified to receive additional tax credits based on job
creation and investment. Penco will be eligible to receive
investment, job creation and worker training tax credits under
the Lee Act.
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