Henderson County approved more than $500,000 in incentives for a local manufacturer looking to expand operations at its Fletcher facility, an investment of nearly $27 million that would mean 68 more jobs.
Henderson County approved more than $500,000 in incentives for a local manufacturer looking to expand operations at its Fletcher facility, an investment of nearly $27 million that would mean 68 more jobs.
The Board of Commissioners approved the five-year incentive package for Smartrac, a manufacturer of RFID tags, at its meeting Monday night. The decision came after Smartrac’s vice president of operations at the Fletcher facility, Chris Hykin, told the board the company is looking to gain an early foothold in the RFID industry, which he said is set to grow significantly in the next decade.
Radio-frequency identification uses electromagnetic fields to identify and track tags on objects. Tags contain electronically stored information.
Based in Amsterdam, the company was also considering the expansion for China and Malaysia, said Brittany Brady, president and CEO of the Henderson County Partnership for Economic Development.
This expansion, which would bring the total number of employees at the plant to 158, would position the facility to be the largest producer of RFID tags in the world. Brady said the hiring plan would be formed this year, and most of the newly created positions, which will have an average salary of $47,000 per year, would only require a high school diploma.
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Source: Expansion could make Fletcher RFID plant world’s largest