At its regular monthly meeting, the board voted unanimously to award incentives to Project Heel, Project L and Project SI. The projects would stimulate the economy and increase the county tax base, said Steve Googe, executive director of the Davidson County Economic Development Commission.
Googe said he had been working with Project Heel, a manufacturing company looking to expand its operations, for several months. The company plans to invest $1 million and provide 30 jobs at the average hourly wage of the county average. Commissioners approved an incentive grant for Project Heel of 0.0027 times the total investment in plant, machinery and equipment.
Project L was awarded an incentive grant of .00328 times the company’s investment each year for five years not to exceed $10,000 a year.
The company plans to invest $3 million and provide 60 jobs with an average hourly wage at about the county average for the first three years of the project. The Lexington City Council approved a similar incentives package for the company, which is related to the wood products industry.
Googe said Welcome-based Summer Industries, which was previously code-named Project SI, is planning on investing $1.25 million and retain 160 jobs. Summer Industries was awarded an incentives package of 0.0027 times the total investment in plant, machinery and equipment.
“They will be adding 50,000 square feet to their building and advised me (Tuesday) of their intent to hire 20 additional employees immediately to begin training for their new expansion,” Googe said.
According to its Web site, Summer Industries is the country’s largest independent manufacturer of spiral-wound tubes, cores and canisters made from 100 percent recycled paperboard.
“There was never an intention of leaving,” Googe said of Summer Industries. “They have plants all over the country and they also have a plant in Kernersville. They could have put this expansion in Kernersville. We were working with them to get that expansion here.”
dignasiak@hpe.com | 888-3657
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