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Council approves incentive package for Southern Electrical Equipment Co., citing expected job growth
Summary
Monroe City Council adopted a level‑2 economic incentive agreement for Southern Electrical Equipment Company (SECO/Project Homecoming), offering $114,000 over five years and potential electric rider eligibility; company representatives said the project would consolidate operations and create new local jobs.
The Monroe City Council voted to approve a five‑year, level‑2 economic development incentive agreement for Southern Electrical Equipment Company (branded in the staff presentation as SECO) as part of “Project Homecoming.”
City staff and company representatives told council that SECO — a supplier to the electric utility industry founded in 1920 and currently operating in Mecklenburg and Gaston counties — plans to invest in a Monroe facility and consolidate operations from multiple sites. Theresa…
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