Business

City offers $3.5M in tax incentives to lure factory, 148 jobs

By Bill Moss, Published: June 5, 2026

The Hendersonville City Council on Thursday agreed to offer up to $3,520,2745 in tax incentives to a manufacturing company that is looking to invest $124 million to build a 130,000-square-foot plant employing 148 workers making an average wage exceeding $62,776.

The council during its regular meeting heard from Emily Martin of the Partnership for Economic Development, which is involved in the recruiting of a global company that “provides design, engineering, manufacturing and supply chain services to many of the world's top brands” in the healthcare industry, a resolution adopted by the council said. Code-named Project Crown, the company makes “precision injection-molded components that are subsequently assembled via high-speed automated assembly lines and ship to customers for final label labeling and distribution.”

The total investment of $123,885,629 would include $73 million in the plant and more than $51 million in machinery and equipment, Martin said. The $3.5 million in property tax refunds would take place over three years.

The company has global locations as well as plants in North Carolina. It’s looking at sites in Ireland, Illinois, Florida and elsewhere in North Carolina.

The Project Crown pitch comes just a week after city, county and state officials touted the announcement that BorgWarner Inc. is investing $100 million in a plant off McMurray Road that will create 378 new jobs paying more than $67,047 a year.