Stanfield approves incentive that could bring $4 million investment, 63 jobs to town
Published 10:16 am Friday, April 2, 2021
Stanfield Town Council approved an economic incentive agreement between the town and an automotive parts manufacturer Thursday night.
Thanks to a 10-year, 75 percent business development grant, the company plans to construct a new manufacturing facility in the town. It will invest a minimum of $4.37 million and create approximately 63 new jobs. The agreement still has to be approved by the county commissioners during their meeting Monday before it can be finalized.
Stanfield also approved rezoning 3.55 acres on Nance Road from R20 to Industrial and amended General Ordinance to add tobacco use regulation.
They approved a recommendation to have a public hearing during next month’s meeting to consider a special use permit application for the property at 198 N. Love Chapel Road.
The council also committed to raising $130,000 to help finance a sidewalk project, which will run from North Love Chapel Road up N.C. Highway 200 to Carmel Drive. The state will finance the other 80 percent ($520,000). The project should begin later this year.
The next regular council meeting is May 6.