County will have public hearing on economic incentive
Published 10:57 am Thursday, August 1, 2019
Stanly County commissioners will have a public hearing at 6 p.m. Aug. 12 in the Commissioners Meeting Room regarding a proposed economic incentive agreement between the county and an existing fastener manufacturer in Stanfield.
The proposed agreement would result in a five-year business development grant between the county and the manufacturer.
The company will invest an estimated $1.1 million and create approximately five new jobs in the county, according to the county.
County Manager Andy Lucas said he will not reveal the name of the company until the tax incentive is approved by the commissioners and the agreement is executed.
About Chris Miller
Chris Miller has been with the SNAP since January 2019. He is a graduate of NC State and received his Master's in Journalism from the University of Maryland. He previously wrote for the Capital News Service in Annapolis, where many of his stories on immigration and culture were published in national papers via the AP wire.
More by Chris
