Thomasville considers incentives

Mar 5, 2010 — High Point Enterprise

Darrick Ignasiak

Mar. 4, 2010 (McClatchy-Tribune Regional News delivered by Newstex) -- THOMASVILLE -- The Thomasville City Council will consider an economic incentives package for a company Monday that could have a "good future" in the Chair City, Councilman Raleigh York Jr. said this week.

If the City Council approves the incentives package for the company, which is being code-named Project 3C, it would join the Davidson County Board of Commissioners in trying to entice the company to the county.

Last month, commissioners agreed to give the company $5,400 annually for five years if it accepts the package with Davidson County.

Council members will consider an economic development incentive grant for Project 3C at .0028 times the total investment of approximately $2 million in the plant, machinery and equipment. The company, which would create and maintain 20 jobs and provide wages equal to or above the county average, would receive the grant annually for five years.

York said the council has received the name of the company, but very little information about the project. City and county officials have yet to release the name of the company.

"It's projected to create 20 jobs in the short term, and an investment to increase our tax base, with the potential of other jobs," York said. "I see the company that the (Davidson County Economic Development Commission) is dealing with as one that possibly has a good future in Thomasville."

Steve Googe, executive director of the Davidson County Economic Development Commission, said last month he was contacted by the company about a year ago before it returned several months ago. He wouldn't provide any other details on the company until it decides to make an official announcement.

"We haven't been given a whole lot of details about it," Councilman Scott Styers said of the project. "Hopefully, it's going to be something that will be a responsible employer that we can seriously consider because obviously, we, like most small towns, need jobs and tax base."

dignasiak@hpe.com -- 888-3657

Newstex ID: KRTB-0090-42597656