InterMarket Technology Inc. is bringing its corporate headquarters and manufacturing facility to Beaufort County.

InterMarket Technology makes point-of purchase displays and recycling bins for Fortune 500 companies. It plans to invest nearly $2.7 million and create 57 jobs over three years. Those new jobs, according to a news release from Beaufort County Economic Development, will bring a yearly payroll influence of $1.7 million to the local economy.

InterMarket Technology, founded in 1995, will set up operations at the Washington-Beaufort County Industrial Park. A performance-based grant of $50,000 from the One North Carolina Fund will help facilitate InterMarket Technology’s relocation from Wayne, New Jersey, to Beaufort County. The City of Washington is providing $8,100 and Beaufort County is providing $8,567 to help bring InterMarket Technology to the county.

“We look forward to tapping into the many resources North Carolina has to offer,” said Scott R. Gardner, CEO and founder of IMT, in a news release. “We are planning on creating new jobs for operations and to introduce and expand a variety of products made of wood, steel and plastic.”

InterMarket Technology likely will begin moving into the XS Smith building within the next week or two, said Martyn Johnson, the county’s economic developer. Johnson said he began recruiting InterMarket Technology this past summer.

“They initially came down look at eastern North Carolina,” Johnson said. “I think it had what they wanted in terms of business, the economy, the workforce and a place they felt comfortable living.”

Johnson’s recruiting effort had plenty of help. “It was very much a combined effort. Everybody was involved. As I’ve said, we covered every aspect of establishing the company here — from quality of life through business climate to electricity to the city permitting and the county,” Johnson said.

County Manager Brian Alligood believes the new jobs — once they are created — will improvement the county’s unemployment rate. Late last year, the closing of two plants in the county affected 304 workers. Some of those workers who lost jobs at Flanders Solutions were absorbed by Flanders Filters, Alligood noted. Still, he said, the closing of the two plants affected the county’s jobless rate.

“This is obviously a step in the right direction. We’re very pleased to have them locate in Beaufort County,” Alligood said.

The contributions by the county and city to help bring InterMarket Technology to the county are determined by tax rates, Alligood noted.

Helping the county and city recruit the company were the  North Carolina Commerce Department, Economic Development Partnership of North Carolina, North Carolina General Assembly, North Carolina Community College System, NCWorks, ElectriCities, Beaufort County Community College, Beaufort County Schools, Beaufort County Board of Commissioners, Beaufort County Committee of 100, Beaufort County Economic Development Allies and the Washington-Beaufort County Chamber of Commerce.