Media Center

Scott Safety plans Monroe expansion

27 February 2015

By Adam Bell, The Charlotte Observer

Scott Safety announced Friday it is planning a $28.7 million expansion in Monroe, a move that comes with more than $1 million in local, county and state incentives.

The company is a division of Tyco International of Ireland. It makes respiratory protection and other life-safety products for police, military, firefighters and other first responders.

Scott Safety also will add 67 jobs over five years to its workforce of 515 people.

The financial commitment is one of the 10 biggest in Union County since 1996, said Chris Platé, executive director of Monroe-Union County Economic Development.

“We’re very pleased,” he said. “They are growing their talent here and they are a great corporate citizen that benefits us in so many ways.”

Scott Safety has been in Monroe since the 1950s. The company’s plans call for building expansion or renovation and new equipment.

Union County commissioners had approved a grant of up to $451,500 paid over five years, Monroe City Council authorized a similar grant for up to $466,200 for the same time period, and the state incentive came to $150,000.

Scott Safety had been deciding between sites in Monroe, India and England for the expansion.

The new jobs will have an average annual wage of $65,000, well above Union County’s average annual wage of $37,440.

The Monroe-based company has annual revenue of about $500 million and employs more than 1,100 people worldwide, according to Scott Safety’s website.

For full article, please click here.


Read more here: http://www.charlotteobserver.com/news/business/article11333570.html#storylink=cpy


Back Add to Prospectus