The Orange County Board of Commissioners approved an incentive package for ABB's planned expansion of its Mebane plant at a special meeting on Tuesday.
The value of Orange County's performance based incentive is estimated at more than $972,000 paid out over five years. The company must meet outlined job creation and capital investment targets. The board voted unanimously to approve the project.
The company intends to invest $39.9 million and plans to create 403 jobs with an average annual salary of more than $70,000 per year plus benefits.
ABB will expand its operations by 200,000 square feet and made improvements to an existing 400,000 square foot building.
About ABB, Inc.
ABB, Inc. is a pioneering technology leader with a comprehensive offering for digital industries. With a history of innovation spanning more than 130 years, ABB is today a leader in digital industries with four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by its common ABB Ability™ digital platform. ABB's market-leading Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees. ABB employs over 3,000 across North Carolina, more than in any other state.