Wayne County commissioners approve $5.5M grant for Waukesha's $140M investment

May 20, 2025 | Wayne County, North Carolina


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Wayne County commissioners approve $5.5M grant for Waukesha's $140M investment
The Wayne County Board of Commissioners convened on May 20, 2025, to discuss a significant economic development initiative that promises to reshape the local job market and boost the county's economy. The board is considering a $5.5 million incentive grant, spread over ten years, aimed at attracting Waukesha, a company poised to invest $140 million in capital improvements and create 330 jobs in the area.

This potential investment marks the largest economic development announcement in Wayne County's history, with an average salary for the new positions projected at over $71,000—substantially higher than the county's average wage of $46,000. The anticipated economic impact is estimated to exceed $1.1 billion for the state, highlighting the project's significance not just for Wayne County but for the broader region.

During the meeting, Mark, a representative involved in the project, emphasized the collaborative effort that brought Waukesha to Wayne County, crediting local partners, including the community college and various state agencies, for their roles in securing the deal. He noted that the company had considered relocating to Mexico but ultimately chose Wayne County due to its skilled workforce and educational institutions.

The proposed performance-based agreement will ensure that the county only pays out the incentive grant based on the revenues generated by the company over the next decade. This approach aligns the county's financial commitment with the actual economic benefits realized from the new jobs and investments.

Construction for the new facility is expected to begin soon, with job openings likely to start appearing next year. The positions will require a range of technical skills, including hands-on experience in areas such as machinery and robotics, reflecting the advanced nature of the new facility.

The board's discussions underscore a pivotal moment for Wayne County, as it seeks to leverage this investment to enhance local employment opportunities and stimulate economic growth. As the project progresses, the community will be watching closely to see how these developments unfold and what they mean for the future of Wayne County.

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