Orange County is about to get a big business boost – in the form of an expanded manufacturing facility in Mebane that’s set to bring 400 new jobs to the area.

County officials made the announcement Wednesday morning. The move is contingent on county commissioners approving an incentives package; the board will hold a public hearing and take a vote on Tuesday, July 23.

The company in question is ABB, Inc., a multinational technology firm based in Switzerland and Sweden with 147,000 employees spread out across 100 countries.

Last year, ABB acquired the Mebane facility formerly operated by GE. The company has now chosen to use that space to consolidate operations from several locations into a single hub.

To do so, county officials say, ABB will spend $40 million over the next five years to build a new 200,000-square-foot manufacturing facility, creating 403 new jobs in the process with an average salary of $70,000 per year.

“We are excited to see ABB continue to grow and invest in their operations here in Orange County,” said County Commissioner Penny Rich in a statement. “As one of our largest manufacturing operations, we look forward to the excellent new employment opportunities this corporate expansion will bring to the residents of our community.”

ABB’s current facility in Mebane is 400,000 square feet in size, with about 500 employees.