News

County OKs incentives for local plant upgrade

By Lightning Reports, Published: June 3, 2024

The Henderson County Board of Commissioners on Monday authorized a $38,000 property tax giveback for a company that is committing to invest $4.5 million in a factory upgrade and retain 114 employees at an average salary of $70,349.

The company, identified only by the code name Project Score, owns a manufacturing plant Henderson County that plans to improve manufacturing capabilities at its facility, the Partnership for Economic Development said.

The incentives over seven years would be at one-half the rate for the creation of new jobs. The first year’s tax break would add up to $9,697 based on the new investment and salary and benefits minimums while the total incentives over seven years would total $38,097.