Kings Mountain, N.C. – Today state House Speaker Tim Moore (R-Cleveland) hailed the news of a massive economic development project in western North Carolina, as Raytheon will bring 800 jobs to Buncombe County with a $650 million aerospace investment.
According to news reports, Raytheon selected western North Carolina over South Carolina and Tennessee for the project. Average pay for workers will be over $68,000.
Speaker Moore represents House District 111 in western North Carolina.
“Every day the General Assembly prioritizes job growth and policies that attract new investments in North Carolina,” Speaker Moore said Thursday.“Our world-class business climate, built over a decade of Republican reform, is benefiting families by bringing cutting-edge economic success to western North Carolina.”
The state budget will provide millions in tax incentives for the project, with additional incentives provided by Buncombe County.
The Republican-led North Carolina General Assembly dramatically improved state economic policy last decade on its way to being named the ‘Best State for Business’ by Forbes Magazine each of the last three years.
The state maintains unanimous AAA credit ratings.