This coverage is made possible through a partnership between BPR and Grist, a nonprofit environmental media organization.
BorgWarner, a global advanced manufacturing company with a facility in Henderson County, announced a $100 million expansion there this week. The move is supported by a $3.6 million Job Development Investment Grant from the state Economic Investment Committee. According to a press release from Gov. Josh Stein’s office, the state hopes to see a return on investment to the tune of $1 billion in the state’s economy from the subsidy.
The expansion will create 378 jobs to the county, with an average salary of $67,000, well above the county’s average, according to the release. This move also adds 140,000 square feet onto its Hendersonville site. Brittany Brady, president of the Henderson County Partnership for Economic Development, said the state grant is subsidizing the project in exchange for the promise that it will create future revenue from job creation and other investments…