Possibility of 950 New Jobs

NEW HANOVER COUNTY -- Citizens in New Hanover County continue to buzz over the possibility of GE in Castle Hayne and the Invista Corporation along highway 421 creating 950 new jobs.

With the New Hanover County unemployment rate at almost four percent, which is about a few thousand people, the two companies plan to invest more than a billion dollars locally.

Since the deal isn't official yet, both companies won't go into detail on how they plan to expand.

October 1 is the earliest date the county commissioners will consider the plan. If the deal passes, GE would receive $10 million over a 12-year period and Invista would receive $3 million over a six year period.

Reported by Max Winitz