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Charlotte approves incentive deal for Sealed Air

CHARLOTTE, NC (AP) — Charlotte City Council has approved an incentive package for Sealed Air Corp., which announced last month it’s moving its headquarters from New Jersey to North Carolina.

The package approved by city council Monday provides the company more than $4 million in local incentives over seven years. The local package for the move includes more than $1.6 million from Charlotte and more than $2.8 million from Mecklenburg County.

The move by Elmwood Park, New Jersey-based, Sealed Air is expected to create more than 1,200 jobs in the Charlotte area over the next three years.

Sealed Air Corp. makes Bubble Wrap protective cushioning, food packaging and cleaning products.

Sealed Air is consolidating some operations from New Jersey, Connecticut, Wisconsin and South Carolina in Charlotte at a cost of more than $50 million.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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