Iredell County approves $214,993 grant for RMC Advanced Technologies manufacturing project

Iredell County's Board of Commissioners has taken a significant step towards boosting local economic growth by approving an economic development incentive grant for RMC Advanced Technologies Incorporated. During the meeting held on February 4, 2025, the board unanimously supported Project Nano, which involves a substantial investment of $21 million in manufacturing equipment over the next five years.

Craig Goodson from the Iredell County Economic Development Commission presented the project, highlighting its potential to create a minimum of 17 new jobs in the area. The investment will occur in two phases: the first phase will see $10 million invested by December 31, 2026, generating at least seven jobs, while the second phase will involve an additional $11 million investment by December 31, 2029, creating at least ten more jobs. Although the wages for these positions will be slightly below the county average, they will exceed the city's wage levels.

The board's approval of the grant, amounting to $214,993, is contingent upon the execution of a contract within 180 days. This decision is expected to enhance the county's manufacturing capabilities and provide a boost to the local economy.

In addition to the economic development discussions, the meeting also addressed several administrative matters. The board reviewed a report on unpaid taxes, setting a date for advertising delinquent tax bills in March 2025. Furthermore, a public hearing was scheduled for February to consider proposed amendments to the Iredell County code of ordinances, reflecting ongoing efforts to adapt to changes within the community.

The approval of Project Nano marks a pivotal moment for Iredell County, promising new job opportunities and economic growth in the coming years. The board's proactive approach to economic development underscores its commitment to fostering a thriving business environment in the region.