The Guilford County Board of Commissioners approved a financial incentive package of over half a million dollars last week for Core Technology Molding Corporation.
The minority-owned company is a plastic injection molding business based out of Greensboro.
The expansion is expected to bring a capital investment of nearly $28 million and create at least 26 new, full-time jobs.
County Commissioner Frankie Jones said it was significant to see a homegrown business like this succeed.
"That ecosystem that's been created here with intentional, smart development has allowed a group like this to flourish to the point that now they have to move out because they need more space, because the business has just done that well," Jones said.
The Greensboro City Council approved its own economic package for Core Technology in a recent meeting.