In August 2020, the Board of Commissioners approved an incentive request from Continental Structural Plastics (now Teijin) to help facilitate their expansion at 6701 Statesville Boulevard. Beginning in 2020, the company planned to invest $45 million in a building addition and new equipment, as well as create 56 new jobs.
Due to supply chain issues related to the pandemic, the company was not able to begin the project until 2021. As a result, Teijin is requesting that the incentive agreement originally approved by the Board be amended to reflect the delayed start of the project.
|