A company that makes wood products will receive a state grant worth up to $85,000 for expanding in Rowan County.
The governor's office announced this afternoon that Universal Forest Products plans to create 49 jobs and invest $2.6 million during the next three years in Salisbury, about 130 miles west of Raleigh.
The One North Carolina Fund grant, which must be matched by local incentives, requires Universal Forest to meet hiring and investment goals.
Universal Forest manufactures and distributes wood and wood-alternative products to the retail, construction, manufactured housing and industrial markets.
The company employs more than 300 people in Alamance, Pasquotank, Randolph and Rowan counties. The new jobs will be added at a second facility in Salisbury that will make customized industrial packaging.
The jobs will pay average annual salaries of $37,143. That's slightly more than the Rowan County average of $36,036.
“We are pleased to have the opportunity to expand in Rowan County, an area that has served us well for many years with excellent employees and customers, and with a good environment for growing our business,” said Jeff Richard, general manager of the company's Salisbury operations, in a prepared statement.
Universal Forest is a publicly traded company based in Michigan that employs about 7,500 people at 80 facilities across North America.