FLETCHER - A French technology manufacturer that was recently awarded a near $880,000 economic incentive over five years by the Henderson County Board of Commissioners chose Henderson County as its first North American manufacturing center, bringing 92 new jobs and a $35 million investment.
Tageos, a global designer and manufacturer of radio-frequency identification inlays and tags, will be coming to the former Continental Automotive Systems building, which is now called Quality Point. The site is located within the Broadpoint Industrial Park in Fletcher.
“The Town of Fletcher is thrilled to see new life at Quality Point. With strong infrastructure in place, this building is unlike any in our region. Tageos is the first of many companies that will find their new home here,” Fletcher's Mayor Preston Blakely said in a news release.
In addition to the incentive offered by Henderson County, the North Carolina Department of Commerce awarded the company with a grant through the One North Carolina Fund, which is a cash-grant program that responds quickly to competitive job-creation projects, according to the Department of Commerce's website.
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Fletcher will also provide incentives to the company, according to the release, and customized training will be available at Blue Ridge Community College.
"Henderson County’s strong economy and thriving manufacturing community continue to attract companies from all around the world, just like Tageos. Their decision to invest in our county will significantly strengthen the high-tech sector, and the new jobs will improve the quality of life for all citizens,” Chair of the Henderson County Board of Commissioners Rebecca McCall said in the release.
Each of the grants are based on job creation and capital investment, so the company will receive no money upfront, the release said. To get the allotted cash, the company must meet established targets and pay taxes.
The company plans to invest $33.75 million in machinery and equipment and $2 million in property improvements by 2028. The new jobs created will have an average annual wage of $67,000, over 40% above the county-wide average, the release said.
For the company, a location in the United States will help to serve customers in North and South America, Tageos CEO Matthieu Picon said in the release.
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"This new facility will also help us to further accelerate our sustainability mission of producing products in the same region where they are used," Picon said. "With that, customers can truly benefit from the fact that our RFID inlays and tags will be available quickly and sustainably."
Quality Point has over 338,000 square feet of manufacturing and headquarters space. Tageos is the building's first manufacturing tenant and will use around 50,000 square feet, but the building still has 30,000 square feet of tech space, 21,000 square feet of office space and up to 150,000 square feet of manufacturing space.
Christian Smith is a reporter for the USA Today Network. Questions or Comments? Contact him at [email protected] or (828) 274-2222.