Caldwell County is competing with sites in other states for two business expansions that could total up to 125 jobs, county officials said.
The names of both companies have not been released at the request of the companies, according to materials presented to the Caldwell County Board of Commissioners before it approved incentives offers for the two.
The larger of the two possible expansions, identified as Project Joynes, involves an investment of up to $20 million that could create up to 100 full-time jobs over three years, according to Caldwell County Economic Development Commission Executive Director Deborah Murray.
The commissioners approved incentives of $2,000 for each job actually created. That money would serve as the county’s matching funds for the company to apply for state grants, including a grant to assist with building renovations, Murray said.
The second company, referred to as Project Transfer, is a local “warehouse and transportation outfit” that was bought by a company based in Tennessee. Murray said she has been working to encourage the company to transfer base operations to Caldwell from Tennessee, which would create up to 25 full-time jobs over three years.