BSH Appliances is walking away from a possible $1.56 million in state incentives.

The company, which makes upscale appliances at a factory in New Bern, has asked the state to terminate its participation in the state's job incentives grant program.

In making the request, the company said it had been unable to make its hiring targets because of the economic downturn and did not anticipate being able to do so, said
Deborah Barnes, a spokeswoman for the N.C. Commerce Department.

The appliance maker's request was one of several on the agenda this morning at a meeting of the state's Economic Investment Committee. The committee, which oversees state incentives, also approved a payment to Dex One in Cary and denied one to INC Research in Raleigh, Barnes said.