Monroe City Council Approves Level II Economic Incentive Grant to SEECO, Inc.
Monroe City Council, at its regular meeting on Tuesday, March 18, unanimously approved a Level II Economic Development Incentive Grant worth up to $114,000 to Southern Electrical Equipment Company, Inc. (SEECO), to relocate its operations from Mecklenburg County to the Monroe Corporate Center.
SEECO is a certified electrical transmission and substation equipment manufacturer with customers across the U.S. and around the world. The company has been in business since 1920. SEECO currently has locations in Mecklenburg County and Indian Trail, which they plan to consolidate into a single 109,000 sq. ft. facility in Monroe.
“SEECO’s investment in Monroe is a commitment to innovation, job creation, and long-term partnership with our community. Their presence strengthens our manufacturing sector and reinforces Monroe as a hub for precision manufacturing,” said City Manager Mark Watson.
The company plans to invest $7 to $10 million at the 15-acre site, creating 71 high-paying jobs with an average annual pay of $64,000 within 3 years. This investment also includes the potential for a workforce development partnership with South Piedmont Community College.
“In addition to hiring people fresh out of school and working with them to learn skills and trades, we’ve also worked with organizations… to help people get their lives together and move forward. We like to become part of and grow with the community,” said SEECO CEO and Owner Andrew Panto.
“The City of Monroe is thrilled to welcome SEECO home to the Monroe Corporate Center where they will have the resources, essential transportation, skilled workforce, and economic incentives they need to thrive in today’s economy,” said Monroe’s Strategic Projects Manager Teresa Campo. “This competitive incentive package affirms City Council’s strong commitment to fostering business growth and providing good paying jobs for our residents.”
The City of Monroe Level II Economic Development Incentive Grant is worth up to $114,000 paid over a five-year period. SEECO plans to complete its renovation of the site no later than December 2025 and relocate all operations to Monroe.
About the Monroe Corporate Center
The Monroe Corporate Center, strategically located near the Charlotte-Monroe Executive Airport and South Piedmont Community College, is a top-tier industrial park attracting global and local companies. Founded in 1994 with 186 acres, the Monroe Corporate Center has expanded to nearly 500 acres, offering robust infrastructure, including water, gas, electricity, and sanitary sewer. Today, the Monroe Corporate Center is home to a number of manufacturing companies that collectively employ more than 1,300 people.
Monroe Economic Development fosters a thriving, inclusive economy by attracting diverse industries, supporting local businesses, and cultivating a skilled workforce. Reach out to our Economic Development team today to discover how we can support your business.