6/22/2018 – Chase Corp. receives N.C. Commerce grant to expand Lenoir NEPTCO facility

Posted on: June 22nd, 2018 by admin

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June 22, 2018

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By Guy Lucas
(Lenoir) News-Topic

 

A state grant will help pay for renovation of a plant in Lenoir for an expansion that is expected to lead to more jobs, the N.C. Department of Commerce announced.

 

The North Carolina Rural Infrastructure Authority has awarded a $172,500 building reuse grant to Chase Corp. to renovate the 110,717-square-foot NEPTCO building in Lenoir. The company will invest another $172,500 in the project, according to a press release.

 

NEPTCO, which employs about 100 people at the Lenoir plant, expects to add about 25 jobs as a result of the project.

 

The Caldwell County Board of Commissioners voted in May to offer job-creation incentives of $2,000 per job, up to a total of $50,000, for the NEPTCO project. At the time, it was publicly identified only as “Project Patrol.” County officials said the company was considering other sites for the expansion.

 

NEPTCO’s other operations include plants in New England and China. Chase Corp., based in Massachusetts, bought NEPTCO in 2012.

 

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