DAVIDSON COUNTY – The Davidson County Board of Commissioners on Tuesday night will consider three economic development projects that could bring 90 new jobs and retain 160 jobs.

Steve Googe, director of the Davidson County Economic Development Commission, said the projects are named Project L, Project Heel and Project SI. All of the projects are involved in the manufacturing business, Googe said.

“We have seen a strong interest from smaller manufacturing companies looking to this area and provide 30 or 50 jobs because of our manufacturing heritage here,” he said.

Project L would invest $3 million and employ about 35 people initially and eventually working up to 60 employees over a 36-month period. Googe is suggesting the county offer the company an incentive grant of .0032 times the company’s investment each year for five years not to exceed $10,000 a year. The Lexington City Council on Monday night will consider a similar incentives package for Project L, Googe said.

Project L is related to the wood products industry, according to Googe.

Project Heel would invest $1 million and employ about 30 people. Googe is suggesting the county offer the company an incentive grant of 0.0027 times the investment each year for five years.

Project SI would invest $3 million and retain 160 jobs. Googe is suggesting the county offer an incentive grant of .0027 times the investment each year for five years.

The Davidson County Board of Commissioners scheduled public hearings on the projects last month.

dignasiak@hpe.com | 888-3657