BURLINGTON, N.C. — Alamance County commissioners have approved incentives for a company wanting to expand and add 110 jobs, but it has to hire all those workers before receiving a dime.
Burlington Technologies was rewarded $55,000 in incentives to help pay for the cost of new equipment, supplies and materials. In turn, the company plans to invest more than $1 million.
Commissioners made the stipulation that the company won’t get the incentives until it hires all 110 workers. Company president and CEO Mike Smith said he can’t hire anybody unless the company gets a military contract.
“There’s a company out in Caswell County that’s filed Chapter 7 bankruptcy. One part of their business was supplying the military with blue dress pants, and we are trying to obtain that contract from the military,” Durham said.
Burlington Technologies would cut and sew those dress pants if it gets the contract. The jobs would pay $23,000 a year, plus benefits.
The company expects to know if it was rewarded the military contract in several weeks. The company plans to ask the City of Burlington and the state to provide matching $55,000 incentives.
The company currently has 120 employees and has had to weather furloughs and layoffs like many in the economy.