Item Coversheet

ROWAN COUNTY
A COUNTY COMMITTED TO EXCELLENCE

130 West Innes Street - Salisbury, NC 28144
TELEPHONE: 704-216-8180 * FAX: 704-216-8195

 

MEMO TO COMMISSIONERS:

FROM:
Scott Shelton, Vice President, Rowan EDC
DATE:
September 23, 2022
SUBJECT:
Public Hearing & Summary Presentation - EDC 'Project Finishing'

The Rowan EDC will give a presentation regarding a revised incentive request for 'Project Finishing.'

 

‘Project Finishing’ is a manufacturer that is currently evaluating potential sites and buildings in the southeastern United States to relocate its business from the northeast. The company is considering a vacant facility in Rowan County for this relocation.  If selected, 29 new jobs would be created over the next three years as part of this project.  The company would also invest approximately $6.85 million into the property through building renovations and installation of major equipment.

 

The company was awarded a Level 1 Incentive Grant in August.  The company wants to forgo the grant and instead requests that the Board award them $165,000 in a lump sum.  The County's Economic Development Funds would be used for this award.





ATTACHMENTS:
DescriptionUpload DateType
Memorandum9/23/2022Cover Memo
Executive Summary9/23/2022Cover Memo