Caldwell County hopes to lure green-technology firm
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.
Murray assured him that is already being done. In the case of Project Dawn, the company came to the county as a referral from an existing company, and that the EDC supplies businesses with lists of existing supplemental businesses in the county. “That’s part of how we’re able to attract business in Caldwell County,” she said.
The county also slated public hearings to consider similar economic incentive packages for three more unnamed companies.
One, referred to as Project Warm, is a bio-mass technology company that is relocating and would hire up to 20 full-time employees, paying approximately $26,000 per year.
Project Prime Time, a company already in the county, is expanding and may add up to 50 full-time positions.
Project Gift Wrap could bring 50 full-time jobs, paying an average salary of $31,670.
Projects Warm and Gift Wrap are also applying for One N.C. Fund grants from the North Carolina Department of Commerce, which requires a local government to serve as the official applicant, which the county agreed to do.