Charlotte, N.C. • Fortune 500 packaging company Sealed Air Corp. will consolidate management operations from several states and relocate its New Jersey headquarters to the Charlotte area, where it plans to employ nearly 1,300 jobs in three years.
A North Carolina committee that approves the state's main tax break to attract businesses on Wednesday approved up to $36 million over 12 years if the company meets job and investment targets. The Elmwood Park, N.J.-based company also will receive at least $5 million more in incentives from state and local governments.
Sealed Air was expected to announce the move with North Carolina officials later Wednesday in Charlotte. Sealed Air spokesman Ken Aurichio said the company would answer questions after an announcement later Wednesday.