Lincoln County Commissioners Approved Four Industrial Incentive Grants to Support Existing Business Expansion of 66 New Jobs
Companies in Lincoln County were awarded grants to incentivize company growth and expansion in the local business parks spread across the county in multiple locations. More taxes on the increased value of their property will be leveraged for grant funding due to companies investing in expansion of their businesses. Participating companies are Unox Inc., Blum Inc., Husk Rack & Wire and Spantek with a total expansion investment of $32 million in capital investment that creates 66 new jobs for local Lincoln County communities.
More jobs and more revenue for Lincoln County is a direct example of the Centralina region achieving the Comprehensive Economic Development Strategy plan supporting Goal 1: Create and Maintain a Globally Competitive Region. To read more on the Centralina EDD strategies visit the 2017-2022 Prosperity for Greater Charlotte CEDS webpage. These grants enable Lincoln County to grow their existing industries in the Centralina region by making it financially feasible and creating a win-win for all.
Read more about Lincoln County’s success on the Charlotte Business Journal, please visit the following article: Incentives approved for four manufacturers expanding in Lincoln County – Charlotte Business Journal (bizjournals.com)