• 43°

County to consider improving incentive deal for major economic development project

SALISBURY — With a site on Long Ferry Road still in the running for a major economic development project, the Rowan County commissioners on April 1 will hold a public hearing on extending the length of a tax incentives deal.

“Project Kodiak,” which would bring an unspecified online retailer’s e-commerce fulfillment center to Rowan County, originally proposed bringing 600 new jobs by the end of 2022. However, a letter to the county commissioners from Economic Development Commission Vice President Scott Shelton states the company is now willing to “commit to a substantial increase in the number of new jobs created.”

The commissioners received Shelton’s letter on Monday and subsequently voted to schedule the public hearing for April 1.

The exact job increase was not included in the letter, and Rowan County Economic Development Commission President Rod Crider said he was unable to comment further on the project.

The total projected investment would be $55 million, including a 700,000-square-foot building and equipment. That investment figure is not projected to increase with the additional jobs.

An agreement approved last year would provide an incentive grant for 80 percent of taxes paid over a five-year period, or approximately $1.3 million. That is, the company would receive an annual rebate for taxes paid if it meets certain benchmarks. Now, commissioners will consider extending that grant during their 3 p.m. meeting on April 1.

The commissioners are also considering increasing an equipment grant from $100,000 to $400,000.

“This is a highly competitive project with locations in South Carolina and Georgia also under consideration,” Shelton’s letter states. “In order to strengthen Rowan County’s chances toward securing this project, Rowan EDC proposes that the Board of Commissioners will consider extending the previously approved ‘level two’ incentive grant from five years to 10 years.”

During the additional five years, the rebate would be 50 percent of taxes paid instead of 80 percent.

Asked about the project, County Commissioners Chairman Greg Edds would only say that the county is in a tight competition and that Rowan County is well-positioned to bring a “great new employer to our community.”

If approved following April’s public hearing, the extension would be the second time commissioners have sweetened the incentives offer for Project Kodiak. The commissioners in October first approved tax incentives. They returned later that month to approve a $100,000 grant for equipment.

If the company chooses Rowan, it would immediately become one of the county’s largest private employers.

Contact editor Josh Bergeron at 704-797-4248.

Comments

Local

Board of elections discusses upgrading voting machines, making precinct changes

News

Lawmakers finalize how state will spend COVID-19 funds

Local

Salisbury Station one of several ‘hot spots’ included in NCDOT rail safety study

Education

Essie Mae Kiser Foxx appeal denied, school considering options

News

Iredell County votes to move Confederate memorial to cemetery

Nation/World

Lara Trump may have eyes on running for a Senate seat

Local

Rowan among counties in Biden’s disaster declaration from November floods

Local

PETA plans protest at Salisbury Police Department on Friday

BREAKING NEWS

Essie Mae Kiser Foxx appeal denied, charter revoked

Coronavirus

29 new positives, no new COVID-19 deaths reported

Crime

Blotter: Woman charged with drug crimes

News

Nesting no more: Eagles appear to have moved on from Duke’s Buck Station

Business

The Smoke Pit leaving downtown Salisbury for standalone building on Faith Road

Education

Shoutouts

High School

High school football: Hornets’ Gaither set the tone against West

Local

Salisbury to show off new fire station

Education

Livingstone College to host virtual Big Read events this month

Local

City makes some appointments to local boards, holds off on others to seek women, appointees of color

Education

Education briefs: RCCC instructor honored by Occupational Therapy Association

Local

Second quarter financial update shows promising outlook for city’s budget

Columnists

Genia Woods: Let’s talk about good news in Salisbury

Local

City attorney will gather more information for Salisbury nondiscrimination ordinance

Education

North Hills planning to hold May fundraiser in person

East Spencer

Developers aim to transform former Dunbar School site into multi-purpose community development