RALEIGH – Gov. Bev Perdue today announced that Bakers Waste Equipment Inc, a producer of waste containers and compactors, will locate a new facility in Caldwell County. The company plans to create 60 jobs and invest more than $2.9 million over the next three years in Lenoir. The project was made possible in part by a $180,000 grant from the One North Carolina Fund.
“My top priority is creating jobs,” said Gov. Perdue. “Our investments in education and workforce development programs have created a strong business climate that allows manufacturers to thrive in a global economy.”
Bakers Waste Equipment (BWE) manufactures and sells steel containers and compactors for the waste, construction, recycling, manufacturing and retail industries. BWE currently employs more than 80 employees at its facilities in Burke and Catawba counties. Those operations will be consolidated into the new facility in Caldwell County. However, the company expects to retain a majority of existing employees as the new location is within commuting range.
Salaries will vary by job function, but the average annual wage for the new jobs will be $29,157, plus benefits. The Caldwell County average annual wage is $29,640.
“This is an exceptional opportunity for our company to consolidate three separate operations and to grow in Caldwell County,” said Ric Raines, president of BWE. “We really appreciate the diligent support from the state of North Carolina, the City of Lenoir and Caldwell County, Self Help and the SBA, the Stump Corporation, and Fifth Third Bank.”
The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
“This announcement is good news for Caldwell County,” said Rep. Edgar Starnes of Hickory. “I know Bakers Waste Equipment can continue to thrive here with our skilled workforce and business-friendly climate.”
North Carolina continues to have a top-ranked business climate. Through Gov. Perdue’s JobsNOW initiative, the state works aggressively to create jobs, train and retrain its workforce, and lay the foundation for a strong and sustainable economic future.
Through use of the One NC Fund, more than 60,000 jobs and $11 billion in investment have been created since 2001. Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Caldwell County, City of Lenoir and the Caldwell Economic Development Commission.
Sign up for ThriveNC's industry announcement alerts: SUBSCRIBE
Sign up for ThriveNC's weekly e-newsletters: SUBSCRIBE
North Carolina's Financial Incentives
Workforce in North Carolina
AccessNC™ Mobile App Facilities Location Tool