Wednesday, April 22, 2015 12:00 AM

JAPANESE COMPANY TO RELOCATE U.S. HEADQUARTERS TO CARY

RALEIGH

CBC Americas Corp. on Wednesday became the second company in less than a year to announce a major move in the Triangle, despite being offered more incentives from another state.

CBC Americas, an American subsidiary of a Japanese company with a diverse portfolio of specialties, plans to move its headquarters from New York to Wake County and open a distribution center in Alamance County as part of an incentives deal the company reached with the state.

The company will receive up to $63,000 in grants from the One North Carolina Fund if it creates about 100 jobs and invests at least $3.5 million in North Carolina over the next five years, Gov. Pat McCrory announced Wednesday.

“We’re very, very impressed with your company,” McCrory told CBC Americas executives from a podium in front of N.C. State University’s Japan Center.

The announcement came less than 24 hours after the Cary Town Council voted 5-1 to approve $23,500 in grants, the town’s part of the One North Carolina Fund incentives package.

Pennsylvania offered more incentives to CBC Americas than North Carolina, said company vice presidents Philip Petito and Kazuhiko Kondo. The executives declined to disclose Pennsylvania’s offer, but said CBC ...

News source: http://www.newsobserver.com/news/local/community/cary-news/article19194924.html

See also: Wake Opthalmology