Latest news with #LeeLilley
Fibre2Fashion
29-05-2025
- Business
- Fibre2Fashion
Pelsan Tekstil to invest $82.6 million in first US plant
Pelsan Tekstil, a global leader in breathable film technologies for the hygiene and medical sectors, will establish its first production facility in the United States in Wayne County, creating 216 jobs. The company will make an $82.6 million investment in Goldsboro. Pelsan was established in 2006 as a subsidiary to the Hassan Group, which has more than 80 years of experience in nonwoven and polymer film technologies. Pelsan was the first company in Turkey to manufacture breathable polyethylene films and today offers one of the industry's most advanced product portfolios. The company's project in Goldsboro establishes its first US facility for manufacturing various lines of breathable films for hygiene and medical applications, enabling Pelsan to respond more efficiently to rising demand across North America. Pelsan Tekstil will invest $82.6 million to open its first US facility in Goldsboro, North Carolina, creating 216 jobs. Supported by a JDIG grant, the project is expected to boost the state's economy by $719.5 million over 12 years. The expansion marks a major strategic move for Pelsan as it strengthens its presence in North America's hygiene and medical sectors. 'This expansion is a major strategic milestone for us,' said Ali Sisman, CEO of Pelsan Tekstil . 'Our decision to invest in North Carolina underscores our belief in the region's strong workforce, robust infrastructure, and its alignment with our values of innovation and collaboration. This facility represents a significant new chapter in our company's journey. We are at a pivotal moment – at the intersection of life and innovation. This journey of transformation and progress is not just ours, but one we share with every individual seeking change, growth, and a better tomorrow.' 'We continue to see strong interest in our state from international companies looking to expand into North America,' said commerce secretary Lee Lilley . 'Our business-friendly reputation and proven competitive advantages continue to attract top-tier companies like Pelsan from around the globe.' Although wages will vary depending on the position, the average salary for the new jobs will be $48,789. The current average wage in Wayne County is $46,211, the office of the governor Josh Stein said in a press release. The company's project in North Carolina will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state's economic investment committee earlier. Over the course of the 12-year term of this grant, the project is estimated to grow the state's economy by more than $719.5 million. Using a formula that takes into account the new tax revenues generated by the new jobs and the capital investment, the JDIG agreement authorises the potential reimbursement to the company of up to $2,065,000, spread over 12 years. State 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 115 per cent, meaning for every dollar of potential cost, the state receives $2.15 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant's reimbursement payments to a given company. "The new jobs and the investment into Goldsboro will bring economic growth and stability to Eastern NC,' said senator Buck Newton . "On behalf of Wayne County, we welcome Pelsan to our community and we will continue to support this company as it grows. I am looking forward to witnessing the benefits this project will bring." Fibre2Fashion News Desk (RR)
Yahoo
02-04-2025
- Business
- Yahoo
N.C. Commerce Secretary Lilley announces grants to support businesses impacted by Hurricane Helene
RALEIGH, N.C. (WNCT) — On Wednesday, April 2, 2025, N.C. Commerce Secretary Lee Lilley announced that the North Carolina Department of Commerce will be providing funds to minimize the damage of layoffs caused by Hurricane Helene. The Hurricane Helene Business Edge Fund will offer $500,000 in grant funding for local workforce boards serving the Western North Carolina counties that were most impacted by the storm, which will help communities retain jobs and businesses. 'This innovative grant program is one of numerous tools we are using to support long-term economic recovery for western North Carolina,' N.C. Commerce Secretary Lilley said. 'It is essential that we help employers, particularly small businesses, to save jobs, adapt and rebuild.' The Hurricane Helene Business Edge Fund is managed through the Governor's Rapid Response program at the North Carolina Department of Commerce's Division of Workforce Solutions (DWS). Business Edge hopes to engage with employers to lessen layoffs to help them through each stage of the business life cycle. Once workforce development boards in the region apply to DWS for funding, they may provide grants of up to $10,000 each to eligible businesses and community-based organizations. There are certain counties that will be eligible to apply for their local workforce board, which are Ashe, Avery, Burke, Buncombe, Caldwell, Haywood, Henderson, Madison, McDowell, Mitchell, Polk, Rutherford, Transylvania, Watauga, and Yancey. Businesses must have been in operation for at least two years, be current on Unemployment Insurance (UI) taxes, and be in good standing with the Internal Revenue Service to apply. The application should voice a need for layoff aversion support and outline reasonable uses for the funds. Local workforce development boards may add their own application requirements. Business cannot use the Business Edge Fund for products or services covered by insurance, hazard pay, rent, employee wages and benefits, certain support services for employees, and improvements, upgrades, or equipment that contribute to the capital assets of the business. To apply for the Hurricane Helene Business Edge Fund, businesses should contact their local workforce development board or NC Works Career Center. Contact information for local workforce boards is available at Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
