3-9-2021 – Lenoir company planning expansion

Posted on: March 9th, 2021 by admin

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March 9, 2021

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By Kara Fohner kfohner@newstopicnews.com

Mar 9, 2021

 

A local company intends to expand its manufacturing in Lenoir and create as many as 100 new jobs over two years, officials said.

 

The company, which has been publicly identified only as Project Xplode, plans to buy another building and invest $10.2 million in starting a new product line, said Deborah Murray, the executive director of the Caldwell County Economic Development Commission.

 

The Caldwell County Board of Commissioners voted Monday night in favor of offering job-creation incentives of $2,000 for each job created up to a maximum of $200,000. The incentives would not be paid until the company could document that the jobs had been filled and maintained for a certain amount of time.

 

The average pay for the jobs created would be $52,000 a year, she said.

 

The company is also asking Lenoir to help seek a building reuse grant from the N.C. Department of Commerce to help pay for renovations to the building it will buy. Building reuse grant awards will be announced April 15.

 

Reporter Kara Fohner can be reached at 828-610-8721.

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