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SPX To Expand HQ, Add Jobs

Industrial products and services company SPX Corp. will build a new global headquarters in its North Carolina hometown, adding 180 jobs in the next five years.

CHARLOTTE, N.C. (AP) -- Industrial products and services company SPX Corp. will build a new global headquarters in its North Carolina hometown, adding 180 jobs in Charlotte in the next five years.

Gov. Beverly Perdue said Monday that SPX will invest $70 million in the project expected to begin in 2012.

Spokesmen for the Fortune 500 company did not immediately return a call seeking comment.

North Carolina will provide up to $4.5 million in targeted grants and tax breaks to SPX if it meets hiring and investment goals. The incentives are typically matched by incentives from city and county governments.

SPX makes a variety of industrial products, ranging from cooling systems for power plants to food processing components.
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