0 Comments for this article

Tags: , , , , ,

By EMERY P. DALESIO
Associated Press

RALEIGH, NC (AP) — A North Carolina economic development panel has approved a $22 million incentives deal to bring the global headquarters of banana giant Chiquita Brands International from Cincinnati to Charlotte.

The state Economic Investment Committee voted Tuesday to approve the deal, which includes more than $20 million in state incentives and more than $2 million from local government.

The panel says the move of Chiquita’s headquarters, along with research and development laboratories, will bring about 375 jobs to the state by 2014. The jobs are supposed to pay an average of about $107,000.

Committee members say the incentives were needed to give Charlotte an edge over Ohio, Florida and Louisiana.

Messages were left with the company in Cincinnati. A formal announcement was expected later Tuesday in Charlotte.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comment on this Story

Related News

PPD world headquarters in downtown Wilmington on Dec. 11, 2015. (Photo: Kevin Wuzzardo/WWAY)
22 hours ago
0 Comments for this article
WSJ: PPD exploring sale
Read More»
Hemp Farmacy on Grace Street (Photo: Hannah Patrick/WWAY)
2 days ago
0 Comments for this article
FIRST ON 3: First Hemp store in NC opens in Wilmington
Read More»
mortgagerates
2 days ago
0 Comments for this article
US 30-year average mortgage rate rises to 4.13 percent
Read More»