The City of Mount Airy, NC has scheduled a public hearing to consider economic development incentives for two projects that could bring a total of 90 new jobs to the city.
One of the projects is an expansion of an existing manufacturing facility in Mount Airy by a company identified only under the name of Project INK.
Project INK plans to invest $2.65 million and create 14 new jobs over the next two years. The Mount Airy economic development package of incentives for this project adds up to nearly $50,000, tied to the company’s job creation and investment plans.
The Surry County Board of County Commissioners has already approved similar incentives for Project INK at their last meeting.
Another rather more interesting project that will be brought up at the Mt. Airy public hearing is called Project Boston. This company, whose identity is also being kept a secret, is planning a fast expansion of its workforce at an existing facility in Mount Airy. The company is planning on creating 75 new jobs in three months.
Earlier this month, the Mount Airy Board of Commissioners approved the City’s share of incentives for the project – $900 for each qualified job created, up to a total of $67,500. Furthermore, the resolution authorized the City to apply for North Carolina economic development incentives for the project under the One NC grant program.
Todd Tucker, president of the Surry County Economic Development Partnership, said at the Mt Airy public hearing that the incentives would help the company create jobs, and the average salary for the new jobs being created is roughly close to the average salary in Surry County.
Surry County was supposed to approve incentives for Project Boston, but the County Board of Commissioners then failed to approve the resolution to offer $750 per job created over concerns about the lack of investment.
So the City is now bringing the proposal back up at the next hearing. They plan to seek comments at the public hearing on offering Project Boston additional incentives, on top of the $67,500 already approved, to make up for the lack of county support. If Mount Airy approves this additional amount, the City would be paying the company up to $1,650 per job created.