Caldwell County hopes to lure green-technology firm
Derek Lacey, News-Topic
LENOIR —A company that may bring at least 50 full-time jobs to Caldwell County could receive a $2,000-per-job incentive from the county, and three hearings for incentives for other businesses are scheduled for next month.
The Virginia-based green-technology firm, called “Project Dawn” by the Caldwell County Economic Development Commission, would invest $12 million to begin operations and will hire up to 50 full-time employees within three years at an average salary of $38,000, EDC executive director Deborah Murray said.
In addition to the incentive for each job created, the Caldwell County Board of Commissioners voted Monday night to offer a county tax grant of 75 percent of new county taxes gained from the company’s investment.
Commissioner Chris Barlowe said that in keeping with being good stewards of taxpayer money, he wanted to make sure that companies that receive county incentives are encouraged to patronize existing county businesses as much as possible. [more]