Recent Posts

New plant could have up to $10 million annual payroll

May 10. Max Solutions, founded in November 2021, will invest more than $27 million in a manufacturing facility in Concord, creating 150 new jobs. Max’s new 150,000-square-foot plant will produce custom folding cartons, labels, and inserts for the health care and consumer industries, with sustainability in mind as well as meeting the market demands in North Carolina, South Carolina and Virginia.

The average annual salary for the new positions is $67,253.

The project could create a potential annual payroll impact of more than $10 million per year for the region.

Max Solution’s project will be facilitated, in part, by a Job Development Investment Grant (JDIG). Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $400 million. The JDIG agreement authorizes the potential reimbursement to the company of up to $1,250,250 spread over 12 years.

Discussion

No comments yet.

Post a Comment