City To Seek Grants For Secret Projects
A federal grant request has revealed the names of two companies which had kept their possible expansion plans secret.
City officials will seek up to $1 million in federal funding to assist the two companies with development of as many as 50 jobs.
Thomasville City Council has scheduled public hearings for 6 p.m. Sept. 9 for Community Development Block Grants for High Point-based Mill-Chem Manufacturing and SV Plastics LLC of Ohio.
The two companies were previously referred to as Project Hem and Project Z13, which between them would invest $4.5 million. Earlier this year, Thomasville approved up to $63,000 in tax-rebate incentives for both companies and the Davidson County Board of Commissioners also approved up to nearly $61,000 in total tax-rebate incentives for both companies.
The companies would have to pay property taxes and meet standard annual contract conditions for jobs and investments to receive the local incentives.
Each federal grant is worth up to $500,000 and would have to be matched by the companies, according to city officials. The grants are zero-interest loans, the city would administer for the federal government.
Mill-Chem Manufacturing at Hickory Chapel Road in High Point wants to renovate an existing plant located at 416 Albertson Road. The nearly 20-acre property formerly was occupied by Executive Delivery Service. The company wants to expand into Thomasville and create 25 full-time jobs.
SV Plastics, headquartered in Hebron, Ohio, plans to renovate two buildings located at 15 and 25 High Tech Blvd. The buildings are located in the same complex as CV Products.
Secrets: The two companies were previously referred to as Project Hem and Project Z13,