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Corning To Invest $67 Million in Newton Facility, Create 210 Jobs

by wireworld on 02/28/2017 - 01:03 pm

Tag: Projects

The City of Newton and Catawba County held a special-called joint meeting Monday morning to unveil a new economic development opportunity. The project known as “Project Longleaf” announced a $67 million investment and creation of 210 new jobs by Corning Incorporated.

The new manufacturing facility will create optical cable and will be located in the former General Dynamics building in Newton.

Scott Millar, president and CEO of the Catawba County Economic Development Corporation, made the announcement during a presentation to both the Newton City Council and Catawba County Board of Commissioners.

The company looked at several other sites around the county and eventually settled upon the 187,200-square-foot building in Newton, Millar said.

Corning is a 160-year-old company with manufacturing worldwide, and a Fortune 500 ranking of 313. In 2016, Corning had more than $10 billion worth of sales. The 210 net jobs Corning has agreed to open have an average salary of $56,963 and will be in place by December.

Both the county and city offered the company incentives to proceed with the new facility.