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Council OK's Incentive Grant For P&G Expansion

11:27 PM, Feb 5, 2013   |    comments
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Greensboro, NC -- The Greensboro City Council voted unanimously to approve a $961,000 incentive grant to encourage manufacturer Procter & Gamble to expand in Guilford County.

The 9-0 vote came in Tuesday night's meeting.

The expansion would bring 200 jobs and $100 million in investment by 2015. Thirty-three jobs would be added this year, 100 would be added in 2014, and P&G will hire 67 more employees in 2015.

The average employee salary would be $52,249 per year, plus benefits.

P&G's $100 million investment would include additional machinery and equipment in Greensboro, as well as expansion at the manufacturer's Browns Summit plant on Bryan Park Road.

The incentive grant is performance-based, meaning the grant depends on P&G selecting Greensboro for expansion and the $100 million investment.

The Business Journal reports Greensboro is competing with South Carolina for the P&G expansion.

P&G makes Crest, Old Spice, Gillette and a number of other popular products. 

GSO City Council/The Business Journal

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