Lincoln County has received more positive economic news from a local industry. This time itâ€™s Blum Inc., with an announcement of a new, $30 million expansion of its drawer slides and hinges production. The project includes a warehouse addition, injection molding expansion, two new automated hinge-assembly lines and a new line for drawer-system assembly. The new lines will be operating by December 2005, creating at least 40 additional jobs with hourly wages above $10 an hour.
Lincoln County commissioners helped Blum come to its decision by awarding the company approximately $606,000 in incentives. Blum will receive the grant in equal installments to be paid over a 5-year period.
Itâ€™s hard to come up with these generous incentives, but in the long run Lincoln County is assuring an investment in its own future with new jobs that create a healthy economy.
The Lincoln County Economic Development Association and the Board of Commissioners should be credited for helping Blum, as they have done for other industries.
Earlier this year LEDA and the Board of Commissioners helped clear the way for T. W. Garcia Co., a tortilla chip maker, to occupy a graded shell building site in the industrial park. Garcia expects a total investment of $8.6 million, ultimately creating 75 new jobs.
LEDA was also instrumental in getting the Keith Corp. out of Charlotte to invest in a speculative project on a 5 acre site at Finger Mill and Hatchett roads. The company is expected to make a $2.25 million investment in a 60,000 square foot manufacturing facility that is sure to draw another major manufacturer to the Lincoln area.
These are not the best of times for Lincolnâ€™s economy, with some manufacturers going under, particularly in the textile segment. These new projects are exactly what we need to offset damages to our fragile economy.