HomeMy WebLinkAboutC.054.93011_1181 (2)No one else desired to speak, and Chairman Tice adjourned the public hearing.
OTIO by Commissioner Johnson to grant the $128,951 incentive, over a five-
year period, based on the $7,411,000 investment by BSI Balance Systems.
VOTING: Ayes — 5; Nays — 0.
Chairman Tice declared the meeting to be in a public hearing
Consideration of an Economic Development Incentive for the Hexcel
Corporation: Greater Statesville Development Corporation Interim Director Terry Orell
said the Hexcel Corporation planned to expand by relocating a segment of its operation
from Georgia. He said Hexcel, the manufacturer of fiberglass boards for the electronics
industry, planned on creating 60 new jobs and the expansion investment would be $3.9
million. Orell said the company had requested a $67,860 incentive.
No one else desired to speak, and Chairman Tice closed the public hearing.
OTIO by Commissioner Robertson to grant the $67,860 incentive, over a
five-year period, based on the $3.9 million investment by the Hexcel Corporation.
VOTING: Ayes — 5; Nays — 0.
Chairman Tice declared the meeting to be in a public hearing.
Consideration of an Economic Development Incentive for the JC Penney
Corporation: Greater Statesville Development Corporation Interim Director Terry
Orell said the JC Penney Corporation had initiated a nationwide search for the
relocation of another facility. He said Statesville had been chosen, due to the location
and performance of the existing plant, for an automatic conveyor sorting and coding
system. Orell said the company had asked for a $68,730 incentive based on a capital
investment of $3.95 million. He said the company employed over 1,000 people, but the
expansion would not add any new jobs.
No one else desired to speak, and Chairman Tice closed the public hearing.
OTION by Commissioner Norman to grant the $68,730 incentive, over a
five-year period, based on the $3.95 million investment by the JC Penney Corporation.
VOTING: Ayes — 5; Nays — 0.
Chairman Tice declared the meeting to be in a public hearing
Consideration of an Economic Development Incentive for Merchant Metals:
Greater Statesville Development Corporation Interim Director Terry Orell said Merchant
Metals had been a manufacturing presence in Statesville for the past 24 years. He said
the chain link and wooden -fence company was planning a $2.8 million expansion. Orell
said the company presently employed 85 people, and 30 new jobs would be created. He
said the company was seeking an incentive of $48,720.
No one else desired to speak, and Chairman Tice closed the public hearing.
OTIO by Commissioner Williams to grant the $48,720 incentive, over a five-
year period, based on the $2.8 million investment by the Merchant Metals Company.
VOTING: Ayes — 5; Nays — 0.
Chairman Tice declared the meeting to be in a public hearing.