REIDSVILLE, NC—Window and door manufacturer Pella Corp. will invest nearly $20 million in a new assembly plant here and create 124 jobs. Hiring will begin in the fourth quarter of 2019. The company will create a variety of positions and the average salaries will be $41,648, which is above the county average of $35,401.
The North Carolina Department of Commerce and the Economic Development Partnership of North Carolina (EDPNC) led the state’s support for the company’s expansion, which will be facilitated, in part, by a Job Development Investment Grant (JDIG). Over the course of the grant's 12-year term, the project will grow the state’s economy by an estimated $247 million.
Using a formula that takes into account the new tax revenues generated by the new jobs, the JDIG agreement authorizes the potential reimbursement to the company of up to $1.214 million spread over 12 years. State payments only occur after the company has met its incremental job creation and investment targets.
Partnering with state Commerce and the EDPNC on this project were the North Carolina General Assembly, the North Carolina Community College System, Piedmont Triad Regional Workforce Development Board, Rockingham County Schools, Rockingham County, and the City of Reidsville.
Founded in 1925, Pella is a family-owned company known for designing and building innovative window and door products. The company is headquartered in Pella, IA, and employs more than 7,000 people.