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The original item was published from 1/7/2021 8:19:00 AM to 1/7/2021 8:22:02 AM.

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Posted on: January 7, 2021

[ARCHIVED] Notice of Public Hearing - Economic Development Incentive




JANUARY 19, 2021 – 6:00 P.M.

Notice is hereby given that the Burke County Board of Commissioners will hold a public hearing at 6:00 p.m. (or as soon thereafter as persons may be heard) on Tuesday, January 19, 2021, in the County Board Room, Burke County Services Building, 110 North Green Street, Entrance E, Morganton, NC to consider an economic development incentive package for Project Glides.  Burke County is applying for a $500,000 Building Reuse grant which requires a $25,000 local match.  Burke County and the City of Morganton are responsible for providing half of the local grant match, or $12,500 each.  The assistance also includes a local economic development grant equal to 50% of the new taxable investment paid by the company for a period of five (5) years approximately ($34,750 per year beginning in FY 2023-24) and the sale of real property (20 acres) located at 115 Wamsutta Mill Road with a fair market value of $1,724,311.  The Board of Commissioners believe the project will stimulate economic activity, will result in the creation of approximately 80 new jobs, help stabilize and increase the tax base and create additional revenues in the County.

For safety, attendees are required to wear face coverings and complete a COVID-19 health risk assessment before entering the meeting room.  Socially distanced seating is available. If reasonable ADA accommodations are needed to participate, please contact the Clerk at 828-764-9350 at least 48 hours prior to the public hearing.  The meeting will also be streamed live on the County’s YouTube channel, BurkeCountyNC. 

                                                            Kay Honeycutt Draughn, Clerk to the Board 

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