NC Awards Job Development Grant to Tessera PDF Print E-mail
Written by Mike Buetow   
Thursday, 13 March 2008 10:33
CHARLOTTE, NC – The North Carolina Economic Investment Committee voted today to award a Job Development Investment Grant to Tessera Technologies.

The grant will support Tessera’s consumer optics plans, enabling the company to add 185 jobs and invest approximately $30 million in its Charlotte-based wafer-level optics facilities during the next five years, the company said in a press statement.

The grant calls for the state to provide funds equal to 65% of the state personal income withholding taxes derived from the creation of new jobs, provided Tessera meets set performance targets. Should the company create the jobs called for under the agreement and sustain them for nine years, the agreement could yield as much as $2.64 million in benefits.

Last Updated on Thursday, 13 March 2008 10:39
 

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