Ontex Group announces plans to create 403 jobs in Rockingham County, North CarolinaChristian Fernsby ▼ | May 28, 2020
Ontex Operations USA, LLC part of Belgium’s Ontex Group NV, has plans to establish significant new operations in Rockingham County that would create up to 403 new jobs by 2025.
North Carolina Ontex Group
Topics: Ontex Group North Carolina
Publicly-held Ontex is an international maker of high-quality consumer products for baby care, feminine care and adult care for retailers, healthcare providers and institutional customers across 110 countries.
Founded in 1979 and headquartered in Aalst-Erembodegem, Belgium, Ontex employs a worldwide workforce of 10,000. Its products are also sold in North America through its affiliate Valor Brands.
Ontex’s new facility in Rockingham County plans to employ production workers, maintenance personnel, logistics specialists, supervisors and other staff.
New positions would offer yearly wages averaging $40,130 in total cash compensation, creating a $16.2 million annual payroll impact for the surrounding community. Rockingham County’s overall average annual wage is $35,146.
The arrival of Ontex will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state’s Economic Investment Committee. Over the 12-year term of the grant, the project is estimated to grow North Carolina’s GDP by more than $1.2 billion.
Using a formula that takes into account the new tax revenues generated by the 403 new jobs, the JDIG agreement authorizes a potential reimbursement to the company of up to $3,080,000 over 12 years. State payments occur only after verification by the departments of Commerce and Revenue that the company has met incremental job creation and investment targets.
By law, projects supported by JDIG must result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a recipient company. The provision ensures all North Carolina communities benefit from the JDIG program. Ontex’s Rockingham County operations are projected to generate $30.3 million in state tax revenue over the life of the grant. ■