Utility meter maker Sensus plans to add 301 jobs in Durham County and invest $4 million in its facility there by 2019.
The company can qualify for up to $4.7 million in state financial incentives if it meets the hiring and investment targets over 12 years, according to the office of Gov. Roy Cooper. Sensus plans to expand its operations at Keystone Technology Park on Davis Drive in Durham County, where the company has manufacturing, research and development and general office space.
Raleigh-based Sensus already employs 684 people at its Raleigh headquarters and in Durham County. Sensus employs more than 1,700 in the United States and about 3,600 globally and specializes in smart metering, smart streetlights, network communications technologies and advanced data analytics for water, gas and electric utilities.
The company says it plans to hire hardware engineers and software engineers, supply chain managers and technical support engineers in product development, customers support and supply chain management.
The jobs will pay an average annual salary of $94,927. The current average wage in Durham County is $67,537.
The office of N.C. Governor Roy Cooper said the state's Economic Investment Committee on Tuesday approved $3.5 million in Job Development Investment Grants for Sensus if the company meets hiring targets.
The company’s JDIG agreement also calls for nearly $1.2 million from the state’s Industrial Development Fund to finance necessary infrastructure upgrades.
Sensus, which traces its origins to the 19th-century, established its Raleigh headquarters in the 1980s. The company was acquired in 2016 by Xylem, a Rye Brook, New York-based water technology company that employs more than 16,500 people globally.