Business

Plant stands to receive $787,000 in tax incentives for plant expansion

By Lightning Reports, Published: October 16, 2026

A Henderson County manufacturer that wants to invest $62 million in a plant upgrade would receive up to $787,000 in tax refunds if the county Board of Commissioners OKs proposed economic development incentives.

Project Press Co., the code name for the company that wants to remain anonymous due to competitive pressures, says its investment of $16.12 million in real property upgrades and $46.17 million in equipment would result in retention of 95 existing jobs paying pay an average wage of $70,501.

The proposed tax incentives over seven years would be not more than $38,204 in the first year and up to $787,212 over seven years provided the company meets its commitment on the plant investment and number of retained employees and adheres to the county’s guidelines for job retention.

The Board of Commissioners will hold a public hearing on the tax incentive proposal at 9:30 a.m. Wednesday, Oct. 21, in the second floor meeting of the Historic Courthouse.