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Plastics maker to add jobs in Charlotte

Otto Environmental Systems North America plans to expand its Mecklenburg County facility, according to release from the governor’s office.

The plastics manufacturer will added 32 jobs and invest $7 million over the next three years in Charlotte. The company, which opened its Charlotte facility in 1988 now employs more than 330 people in the city.

Its plastics are used in the waste, automotive and material handling industries.
The average annual salary for the jobs will be $37,500, below the county average of $57,144 a year.

The company will receive $48,000 from the One North Carolina Fund if it meets job creation requirements. It must also receive matching local funds.

BAE Systems to add 176 jobs in Mecklenburg

BAE Systems, a British defense and aerospace company, plans to open a facility in Mecklenburg County and add 176 jobs.

State officials this morning approved giving the company incentives worth as much as $2.28 million if it meets hiring goals. The jobs will pay average annual salaries of $51,392, above the Mecklenburg County average.

BAE also considered sites in Rock Hill, S.C. and Austin, Texas, for the expansion. The company employs more than 107,000 people worldwide. Its U.S. headquarters is in Arlington, Va., outside of Washington.

Citco Fund Services to create 258 Charlotte jobs

Citco Fund Services, a company that provides services to hedge funds and financial firms, plans to create 258 jobs in Charlotte over the next four years.

State officials this morning promised the international firm incentives worth as much as $4 million if it meets its hiring milestones. The jobs will pay average annual salaries of $78,256, well above the Mecklenburg County average.

N.C. Commerce Secretary Keith Crisco will join Charlotte Mayor Anthony Foxx and other officials this morning in Charlotte to announce the new jobs.

Citco, which also has offices in New York, San Francisco, Miami and Toronto, is a boost for Charlotte, which has bled high-paying financial jobs in recent years.

Dale Carroll, deputy secretary of the commerce department, said Citco's connections with other types of financial firms, including hedge funds and private equity firms, could mean more jobs for Charlotte in the future. 

"This brings into Charlotte a new type of financial services company," he said.

Citco has until Dec. 31, 2014 to create the jobs. The state grant will be awarded over a nine-year period if the company meets its job creation requirements. 

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