Rockingham County and Reidsville, NC have approved $2.3 million worth of incentives related to Albaads
' expansion in North Carolina. The country will provice a total post-performance incentive to Albaad of $1.2 million to be paid out in annual installments in five phases over a 12-year span. The city will pay up to $1.1 million. The company must meet investment and job requirements to each phase to receive payments.
A multinational manufacturer of wet wipes, Albaad will invest $45 million in its North Carolina facility, a move that will create 302 new jobs. Albaad has been manufacturing goods in North Carolina since 2004.