1-8-2020 Local company plans big expansion

Posted on: January 8th, 2020 by admin

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January 8, 2020

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By Guy Lucas
guylucas@newstopicnews.com

 

Jan 07, 2020 9:40 AM

 

A Caldwell County company plans to invest $20 million in an expansion that could add up to 126 new full-time jobs over the next two years, county officials say.

 

The name of the company was not revealed when the Caldwell County Board of Commissioners voted Monday night to offer job-creation incentives of $2,000 for each job created, up to a total of $252,000. Executive Director Deborah Murray of the Caldwell County Economic Development Commission referred to the company’s plan only as Project Buckeye.

 

Murray said the company also plans to apply to the N.C. Department of Commerce for a building reuse grant to help pay for renovating an existing building.In other business, the commissioners approved an extension for job-creation incentives they had approved in 2018 for an expansion of Automated Solutions.

 

Murray said that getting state approval for the revision of an air emissions permit took much longer than company officials had expected, which delayed the expansion. The permit recently was approved.

 

The company, which currently has 75 employees, still expects to add 20 full-time jobs, but the previous incentives of $2,000 per job, up to a total of $40,000, expired at the end of September, she said.

 

The commissioners voted to extend the incentives to this coming Sept. 30.

 

 

 

 

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