During the board’s informational meeting Thursday, Steve Googe, executive director of the Davidson County Economic Development Commission, asked commissioners to set the public hearing for a company code-named Project M for Aug. 10.
“We would submit to you that the project would stimulate the economy, increase the county tax base by more than $2 million, thus increasing tax revenues,” Googe said. “The proposed project would result in the creation of new jobs that would be available for the citizens of Davidson County over the term of the contract.”
Googe suggested commissioners consider a grant that would be .0027 times the company’s investment in real property each year for five years. A second grant of .0054 times the company’s investment in plant and machinery is also recommended to attract the company.
“The total of the two grants would not exceed $6,000 per year for the term of the contract,” Googe said. “The grants would be funded through the county’s economic development fund or general fund.”
Googe said the company is a manufacturing business. He would not comment on where in Davidson County the company is considering on locating.
“Once we get this approved, based on my conversations with the principals, they would be moving forward very rapidly,” Googe said.
The salaries of the 15 jobs would be more than the county average, according to Googe.
“It’s 15 jobs,” Sam Watford, the board’s vice chairman, said. “Any investment is good. Anybody investing in machinery and equipment is a positive.”
dignasiak@hpe.com | 888-3657
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