Commissioners approve tax grant for proposed New London business

Published 3:48 pm Thursday, August 17, 2023

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The Stanly County Board of Commissioners approved an tax incentive grant for a business considering a New London site.

By a unanimous vote Thursday, the commissioners approved a 10-year, 75% economic development agreement which would bring 263 jobs to the county over the next five years.

According to a notice published in The Stanly News & Press, the agreement is between Stanly “and a home building components manufacturer considering establishing a manufacturing operation in Stanly.”

Entitled “Project Frame,” the project would bring an average salary of $59,388, with health care benefits, according to Stanly Economic Development Director Candice Lowder.

Lowder said the county’s average salary is $41,612, an increase of more than $3,000 since 2021.

About Charles Curcio

Charles Curcio has served as the sports editor of the Stanly News & Press for more than 16 years and has written numerous news and feature storeis as well. He was awarded the NCHSAA Tim Stevens Media Representative of the Year and named CNHI Sports Editor of the Year in 2014. He has also won an award from Boone Newspapers, and has won four North Carolina Press Association awards.

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