9-19-2019 Lenoir seeks grant to lure 200 jobs

Posted on: September 19th, 2019 by admin

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September 19, 2019

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By Virginia Annable
vannable@newstopicnews.com

 

Sep 17, 2019 6:33 PM

Lenoir is seeking a state grant to help pay for an international pharmaceutical company to convert a former furniture factory for its use.

 

The Lenoir City Council has approved an application to the N.C. Department of Commerce for a grant from the One North Carolina Fund. The funds can be used by companies to repair buildings, buy equipment and repair utility lines.

 

Originally, the company was seeking a Job Development Investment Grant from the state but is now seeking the OneNC grant, said Deborah Murray, the executive director of the Caldwell County Economic Development Commission.

 

The company has not been publicly identified and is referred to only as Project Vanderbilt. Officials have said the company is seeking a site to open its first manufacturing plant in the U.S. If it comes to Lenoir, it would buy a former furniture manufacturing facility, which also has not been publicly named, and invest about $8 million to renovate the building and bring in equipment. The company expects to create up to 200 full time jobs over four years with an average pay of $42,000.

 

Both the city and Caldwell County earlier this summer endorsed other efforts to entice the company to come to Lenoir, including job-creation incentives from the county of $2,000 per job created and an application for a state building reuse grant.

 

Reporter Virginia Annable can be reached at 828-610-8724.

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