Steve Googe, executive director of the Davidson County Economic Development Commission, said commissioners agreed to give Project Combined $5,691 annually for 12 years, with Lexington also offering a similar incentives package. The company would invest $3 million in the new plant, machinery and equipment and provide 150 jobs in the first 36 months of operation.
Googe said the Lexington City Council and Davidson County commissioners also have agreed to appropriate about $68,000 each to purchase 17.63 acres at 1350 W. Holly Grove Road. Both will enter into a lease purchase agreement with Project Combined for 12 years.
Googe would not release the name of the company this week, but said an announcement could be forthcoming in the next month.
“It’s a manufacturing business,” Googe said. “... This company is going to have a lot of truck traffic ... They probably will have somewhere between 100 and 200 trailers that would be stored at one time on site and this additional acreage that we are purchasing is going to accommodate truck traffic.”
Googe said the company’s wages would be at the county average. He said the company is based out of state, but has ties in North Carolina.
“I think the first time (Project Combined) came in was somewhere around 18 months or two years ago, but for the last six months, we have been working with them on a weekly basis,” he said.
dignasiak@hpe.com | 888-3657
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