Company that relocated to Charlotte exceeded expectations

by: Alan Cavanna Updated:


CHARLOTTE, N.C. - North Carolina officials said a Charlotte company that promised to bring jobs is exceeding expectations.

Electrolux will get nearly $2 million from the state this week -- part of an incentive package signed back in 2009.

The state said the company brought more jobs and higher-than-expected salaries in its first year.

"I think what we're seeing now is that as the economy is recovering, a lot of companies are continuing to add jobs, and more than they initially thought they would," Charlotte councilman Michael Barnes said.

Another company, Mitsubishi Nuclear, is not getting money from the state yet.

State numbers show the company created 30 of the 50 jobs it was required to initially.

A company spokesman said "unanticipated events" kept the company's initial hiring down, but it now employs close to 100 people.