Caterpillar Picks NC For Equipment Plant, 500 Jobs

North Carolina will host a new plant planned by heavy-equipment manufacturer Caterpillar Inc. that will employ more than 500 employees and contract workers.

North Carolina's U.S. Sens. Richard Burr and Kay Hagan issued statements Friday praising the company's decision to build a factory in Winston-Salem.

The earth-moving and agricultural equipment factory is expected to employ about 390 full-time workers plus another 120 contract workers in five years.

A committee that approves state business incentives was expected to approve a tax rebate package that could be worth up to $50 million. Local incentives push the value of incentives to about $75 million.

Sites in South Carolina and Alabama had been in consideration.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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