Buncombe hybrid and electric vehicle technology maker to get $460,000 in tax incentives Joel Burgess, Asheville Citizen Times
ASHEVILLE - A long-time Buncombe County manufacturer that has shifted to electric and hybrid vehicle technology will get $460,000 in local taxpayer funded incentives.
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In return, BorgWarner has agreed to make a $62 million expansion to its Arden plant that will keep 500 current jobs and add 100 new ones with pay averaging $24.85 annually.
Buncombe County Board of Commissioners voted 7-0 at a March 3 meeting to award the incentives that will be paid over six years. We appreciate the great work that company s done in buncombe County (and) the workforce that you have here, said board Chair Brownie Newman.
ASHEVILLE - A long-time Buncombe County manufacturer that has shifted to electric and hybrid vehicle technology will get $460,000 in local taxpayer funded incentives.
In return, BorgWarner has agreed to make a $62 million expansion to its Arden plant that will keep 500 current jobs and add 100 new ones with pay averaging $24.85 annually.
Buncombe County Board of Commissioners voted 7-0 at a March 3 meeting to award the incentives that will be paid over six years. We appreciate the great work that company s done in buncombe County (and) the workforce that you have here, said board Chair Brownie Newman.
The promised county payout comes after a 2020 deal to give aircraft engine maker Pratt & Whitney $27 million to build a plant county leaders said would bring generational change but that opponents panned as taxpayer funding for a war profiteer.