Union County, Monroe OK incentives of up to $917K for Scott Safety
18 December 2014
By Adam Bell, Charlotte Observer
Union County and Monroe approved combined incentives of up to $917,700 this week to try to land a $28 million expansion or renovation project in Monroe from Scott Safety.
The company, a division of Tyco International of Ireland, makes respiratory protection and additional life-safety products for firefighters, police, military and other first responders.
The list of expansion choices has been narrowed to sites in Monroe, England and India. A decision is expected by next month, said Chris Platé, executive director of Monroe-Union County Economic Development.
“I feel very good about the (chances of landing the) project at this point,” he added.
The project also would bring with it an additional 67 jobs over the next five years with an annual average wage of $65,000. The average annual wage in Union County is $37,440.
Scott Safety has a 200,000-square-foot facility on Goldmine Road that employs about 600 people, making it one of the top 10 employers in Union County, Platé said. The company’s plans call for a building expansion or renovation and new equipment, said spokeswoman Christina Deatherage.
Scott Safety has been in Monroe since the 1950s.
On Monday afternoon, Monroe’s city council unanimously approved an incentive grant not to exceed $466,200 over a five-year period.
“We’re certainly glad to have you in the community,” Mayor Bobby Kilgore told company representatives at the meeting, “and we look forward to many more years with you.”
Monday night, Union County commissioners unanimously approved a similar grant for up to $451,500 over a five-year period. Commissioner Jerry Simpson called Scott Safety an outstanding corporate citizen, and asked the board to approve the motion “with bells on.”
The state is also considering offering incentives for the project, Platé said, but those plans have not been finalized.
Incentives will play a significant role in the company’s final decision, Platé said.
“As a longtime member of Union County and the City of Monroe, we sincerely appreciate these economic incentives that will most certainly aid in our final location decisions,” Scott Safety President Andrew Chrostowski said in a statement.
Scott Safety said its products protect people from environmental hazards including smoke, toxic fumes, combustible gases and contaminants.
The Monroe-based company has annual revenue of about $500 million, according to the company website, and employs more than 1,100 people worldwide. It has operations in Australia, China and the Middle East, among other locations.
Tyco says it has more than $10 billion in annual revenue, and more than 57,000 employees in 50 countries.
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