8-19-2020 – New company may come to Lenoir

Posted on: August 19th, 2020 by admin

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August 19, 2020

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By Kara Fohner
kfohner@newstopicnews.com

Aug 18, 2020 4:53 PM

 

A company intends to establish a manufacturing facility in Lenoir and may create more than 200 new jobs over three years.

 

The Caldwell County Board of Commissioners approved a maximum of $200,000 in job-creation incentives for the company, which was not publicly identified, Monday evening. The incentives are for $2,000 per job for the first 100 jobs created.

 

Deborah Murray, the executive director of the Caldwell County Economic Development Commission, said that the company has never had a manufacturing presence in Caldwell County.

 

The EDC has been talking to company officials since February, and initially the company intended just to open a warehouse, bringing just 10 jobs to the county.

 

Since then, the project has grown, and now the company intends to create “up to or more than” 225 jobs over three years, Murray said.

 

“You would think that during these times that business might slow and that new companies coming or expanding in Caldwell just might slow, and that is not the case. We have been busier than usual, and … companies are still making plans to add and to grow,” she said.

 

The jobs will pay just over the average wage in Caldwell County, more than $40,000 annually.

 

The company is also applying for a state building reuse grant.

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