Connect with us

Jobs

Window and door manufacturer plans 500 jobs in Johnston County – Business North Carolina

Published

on

A window and door manufacturer plans to build a Johnston County plant that will employ 500 workers, according to the state.

Crystal Window & Door Systems, headquartered in Flushing, New York, plans to invest $83.6 million in Selma.

The Selma manufacturing operation will specialize in aluminum and vinyl extrusion and window and door fabrication.

“Crystal Windows started in 1990 from my dream of building my own business,” said company founder Thomas Chen in a statement. “With hard work and perseverance Crystal is now a national manufacturer that continues to grow. Our expansion to North Carolina is a terrific next phase of that growth.”

The company has other plants in Benton, Pennsylvania; Chicago; Riverside, California; and Union, Missouri; as well as its main plant in Queens, New York. Chen’s son Steve is now president of the company.

Although wages will vary depending on the position, the average salary at the Crystal Windows facility will be $56,061. The current average wage in Johnston County is $50,605.

The plant is being facilitated, in part, by a Job Development Investment Grant approved by the state’s Economic Investment Committee earlier Thursday.

Over the course of the 12-year term of this grant, the project is estimated to grow the state’s economy by $1.09 billion. Using a formula that takes into account the new tax revenues generated by the new jobs, the agreement authorizes the potential reimbursement to the company of up to $4.1 million spread over 12 years.

Payments only occur following performance verification by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

The project’s projected return on investment of public dollars is 81%, meaning for every dollar of potential cost to the state, the state receives $1.81 in state revenue.

Because Crystal chose a site in Johnston County, classified by the state’s economic tier system as Tier 3, the agreement also calls for moving $1.38 million into the state’s Industrial Development Fund utility account.

Continue Reading