Friday, January 30, 2015

Ecolab Plans $11M Greensboro Expansion

Ecolab Inc. announced this week that it will expand its Kay Chemical Company operations in Greensboro, North Carolina by building a new 37,000 square foot office building, which will create 45 new jobs over the next three years. The company will spend $10 million to expand its Gate City campus with a two-story building to meet growing demand, and will also upgrade the company's existing facility at 8300 Capital Drive, according to a Triad Business Journal article. Bob Sherwood, senior vice president and general manager for Kay's global quick-service restaurant segment, said the company plans to finalize a contractor for the project in the first quarter and break ground on the new facility in the second quarter of 2015. The new building is expected to be completed by the end of 2016.

The company has been made eligible for up to $100,000 in performance-based incentives for the One North Carolina Fund, which provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Kay is moving forward on the expansion after winning $167,000 in incentives from the city of Greensboro as well as $244,000 from the state, including the $100,000 from the One North Carolina Fund and $144,000 for training and recruitment, Sherwood said.

"Ecolab is excited to expand our Kay business headquarters in Greensboro," said Bobby Mendez, President, Global Services & Specialty Sector, Ecolab. "We have had a great relationship with this community for more than 80 years, and we look forward to continued growth of our Kay business in partnership with the strong workforce in the Triad area."

For more news and information visit Blumberg Capital Partners.

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