An incentive grant agreement regarding a local industry’s plans for an equipment expansion will be weighed by the Lincoln County Board of Commissioners during its meeting Monday night.
The company, the identify of which will remain undisclosed until the meeting, is looking into installing new equipment at its facility by November, investing $6.8 million and creating at least four new jobs within two years in the process.
Those positions would pay, on average, $720 a week.
If those conditions are met, the county would then pay roughly $18,500 in cash grants annually for a five-year period.
A public hearing on the incentives package will be conducted prior to commissioners taking action.
Also at Monday’s meeting, commissioners will consider their legislative goals for 2013 to be submitted to the North Carolina Association of County Commissioners (NCACC).
The board’s three proposals deal with reforming the tax credits based on the state’s tier-designation system for counties, a Special Purpose Local Option Sales Tax and amending annexation statutes to require cities to annex contiguous areas upon the request of an applicant that is a nonprofit agency or another governmental unit, according to a memo County Manager George Wood wrote to commissioners.
The recommendations must be finalized and sent to the NCACC, if approved, by Sept. 17.
Other items on Monday night’s agenda include:
The meeting begins at 6:30 p.m. at the Citizens Center and is open to the public.