Engineering company Siemens AG announced on Tuesday it is investing over $220 million to build a rail car manufacturing facility in North Carolina.
Busch said Siemens has a "strong foothold" in the market and sees longer term growth opportunities in high-speed rail.
Siemens' rail unit will be receiving a jobs development grant from the state of North Carolina, and the average salary for the new positions at the facility will be $51,568. Biden, who rode Amtrak for more than three decades while in Congress, has pushed investment in passenger rail and modernization of the busy "Northeast corridor," which is one of the nation's most congested rail corridors.
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