State officials announced the plans by Sypris Technologies on Thursday, the same day the state Economic Investment Committee approved a $2 million grant for the Louisville, Ky.-based company.
Sypris will receive the grant if it creates and keeps the jobs it has promised, which would more than double the work force of 166 at the plant.
The new jobs would pay an average of $33,900 a year, not counting any benefits, according to Gov. Mike Easley's office.
“At a time when the automotive industry is struggling nationally, we are pleased to have good news to announce here in North Carolina,” Easley said in a statement. “Our commitment to economic development and our top-ranked business climate continues to bring good-paying, high-skilled jobs for North Carolina families.”
Jobs are welcome in the Blue Ridge foothills.
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