The company plans to create 123 jobs and invest more than $26 million over the next three years in the facility. Salaries will vary by job function, but the average annual payroll for the new jobs will be nearly $4.7 million.
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $235,000. The grant is contingent upon proof of job creation and receipt of a local funding match. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds.
Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Greensboro Economic Development Alliance and Guilford County.
Qualicaps is a manufacturer and supplier of two-piece medical and nutrition grade gelatin capsules. The company currently employs more than 150 people at its Whitsett facility, which serves as the North American headquarters and North American manufacturing hub.