News

Company seeks tax incentives to bring 117 new jobs at a $185M plant

By Lightning Reports, Published: April 15, 2022

The county's economic development agency has asked the Henderson County Board of Commissioners to authorize $6 million in tax incentives to help land a manufacturing company that would invest $185 million and bring 117 jobs paying at least $52,400 a year.

The board will hold a public hearing at 9:30 a.m. Wednesday on the request from the Partnership for Economic Development to grant the tax incentives to the anonymous employer, code named Project Independence. If commissioners approve them, the waived property taxes would total $5,939,588 over seven years. From 2023 through 2026 the company would invest $80 million to construct a building (not including land acquisition) and $105 million in equipment, the Partnership said.