GE Hitachi Gets First Incentive Payment
Wilmington, NC – The North Carolina Department of Commerce has written the first check to GE Hitachi as part of a five-year incentive package for adding jobs and facilities in Castle Hayne.
GE Hitachi got incentives from the state on promises of creating 135 jobs at its Castle Hayne location in 2008. But the company came in eight jobs short of that promise, so it's getting part of the incentive money - about $200,000. Still, GE Hitachi spokesperson Mike Tetuan says the nuclear energy company is committed to creating more jobs at its Castle Hayne location.
"I think the important story here is although we didn't reach that minimum by a very few jobs, we're still adding jobs to the area at a time where the financial crisis has really impacted many of our new unit opportunities," Tetuan says.
Tetuan says GE Hitachi did meet the incentive requirements for retaining jobs and improving salaries in 2008. The incentives run a total of five years with GE Hitachi aiming to add 900 jobs by 2012. Tetuan says the company is optimistic it can meet that goal.