Raleigh, N.C.-based Pepsi Bottling Ventures (PBV), the largest privately held bottler for PepsiCo beverages in North America, plans to expand its bottling operations in Winston-Salem, N.C., with a new facility. PBV will invest nearly $82 million in facility up-fit, machinery and equipment. The new facility will streamline operations, enable vertical integration of production, allow the company to retain more than 300 jobs and consolidate additional jobs, PBV says.

In addition, the city of Winston-Salem will provide $1 million, and Forsyth County will provide an additional $737,582 in incentives for the project.

"Winston-Salem is the ideal location for our company, given its excellent workforce, low cost of doing business and easy highway access to distribute our Pepsi products," said George Suddath, vice president of corporate affairs for PBV, in a statement. "We appreciate the support we have received from the city of Winston-Salem and Forsyth County, which made it possible for us to remain and expand here."

Gayle N. Anderson, president and chief executive officer of the Winston-Salem Chamber of Commerce, added: "Pepsi has been an integral part of Winston-Salem’s economy for more than 100 years, and the chamber was pleased to assist in helping our community compete for this advanced production facility. Winston-Salem was selected because of the excellent package it offered and because of Pepsi’s positive experiences in our community. We are fortunate to have Pepsi and these jobs in Winston-Salem.”