[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6141088,"mediaKeyId","5576253-e41975685019e051450e877aecb1662f","parentId",5576253,"title","Board OKs phased tax grant for food‑processing expansion projected to add more than 50 jobs","audioSeconds",329,"startMs",3503000,"endMs",3832000,"viewUrl","/Search/View?dp=1&key=5576253-e41975685019e051450e877aecb1662f&start=3503&end=3832","thumbnailUrl","https://assets.pipeline.soar.com/5576253-e41975685019e051450e877aecb1662f/thumbnail_3503000.jpg","articleUrl","/articles/6141088/Caldwell-County/North-Carolina/Board-OKs-phased-tax-grant-for-foodprocessing-expansion-projected-to-add-more-than-50-jobs","mediaUrl","https://secure.pipeline.soar.com/6141088-362696e9ba7089d4473ee2ac03ef04f5/orig.mp4?Expires=1775735415&Signature=YB9crSTsM0CpuIRm3eW4yeacJ~avBhUgSFtINutsUW3-t43zh-kEKfsZhlybt1gywliVREPuTi7xkZuetJusCSysSHEqKUoQbNKbeIjdU11trsM1ad1PHfc80rNxT6jaDmDqe25AYcgsikL~XYGP9uegcjoRu9xE5uWP-n8MNLXl8fGhX8OptAJ1-6AbOmsJmQf2vExyQUVAuDmuoUNhPFhjYkfK7YeYWwIRfMocPVYWc7d38baCtPUe0Sou069DctsYKLYnBXo2HLIl6rjZKWBCEfwrESt1ToGMXaSBW41CU0koWG8gNn4~mJXtBpehHoBWLV36bh86RE8BgncVzQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Caldwell County, NC","date","2025-08-12T20:13:28Z","article","The Caldwell County Board of Commissioners unanimously approved Aug. 11 a performance‑based, multi‑year tax grant to support a planned expansion by Project Peconia, a food‑processing operation with existing facilities in the county.

Economic development staff told the board Project Peconia has invested about $38 million in personal property valuation in Caldwell County to date and plans to invest an additional $20 million to add a 55,000‑square‑foot expansion and new equipment. The company estimates the expansion will create more than 50 new jobs.

Under the proposal presented by Caldwell County Economic Development, the tax grant applies only to the ad valorem taxes attributable to the new improvements and would be paid on a sliding schedule over five years if the company elects to start the grant period by 2027: year 1 — 20%; year 2 — 30%; year 3 — 40%; years 4 and 5 — 50% each. The investment period for qualifying improvements runs through Dec. 31, 2027, county staff clarified.

County economic staff told commissioners the grant is reimbursement‑based and does not require upfront county funding; the county’s annual appropriations limit any obligation and the agreement does not pledge county credit. Project representatives in attendance described the company’s local operations and noted discussions about an eventual retail presence in the county; one representative described roles including general manager and supply‑chain responsibilities.

A public hearing drew no speakers; the board approved the agreement after discussion and a motion to adopt the package. County staff said standard permitting, valuation and verification will determine the taxable increase on which reimbursements are calculated, and that the company must meet performance requirements before funds are disbursed.","mediaType","Video","parentTitle","Caldwell County Commissioner's Meeting 8/11/25","oneSentenceSummary","Commissioners approved a multi‑year, sliding tax grant for Project Peconia (food processing) to encourage a roughly $20 million planned additional investment, a 55,000 sq. ft. expansion and an estimated 50+ new jobs; grants are performance‑based and applied only to the ad valorem taxes attributable to new improvements.","taxTitle","Caldwell County, North Carolina","taxId",52182,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6141093,"County approves incentives to keep Granite Falls Composites locally owned after management buyout",922,2606000,3528000,"/Search/View?dp=1&key=5576253-e41975685019e051450e877aecb1662f&start=2606&end=3528","https://assets.pipeline.soar.com/5576253-e41975685019e051450e877aecb1662f/thumbnail_2606000.jpg","/articles/6141093/Caldwell-County/North-Carolina/County-approves-incentives-to-keep-Granite-Falls-Composites-locally-owned-after-management-buyout","https://secure.pipeline.soar.com/6141093-a7ec58b415cc70dbac669b6fd4332d23/orig.mp4?Expires=1775735415&Signature=XIfgbZgxdNSo5TaXeggpXPldUmzfVJir-2lKlBo5I6D~lN--BBR3ADjN~gg4NLenXNYkTnxRIjK2dcqS3waW7jvj6Lj7oRHCrLgFIq4-3aTrbtSgBU8Q-mNJUVHSAXUujZGmAdvcdgBa22h5kMHYyzi~tEEefa1iTv4WJrvUGQQ0Wa9cY7nyk~hRPYTlVnGkPEBKe9Z2NEe53axVenXbV2TIXvMyKJ0nenlRtxvxzfh7fVmH9e8EH3Nhlt2gM6MsBihyu5x0QNNbRdNeLpCmbBOHtz1sxjBui4G-RjxdTb3Gti3-LqosgCeLzBDQ2BAStAyu6~Dtfyv4bvPDm-XCYw__&Key-Pair-Id=KUT5TJCACFTXG","The Caldwell County Board of Commissioners approved Aug. 11 a pair of performance‑based grants to support Granite Falls Composites following a management buyout completed in July 2025.

Jamie Little and Melissa Curtis, who completed a management buyout and are the company’s primary stakeholders, told commissioners they acted to keep roughly 100 jobs local after the previous owner moved to divest the operation. Jesse Trivette of Caldwell County Economic Development said the advisory committee recommended incentives under N.C. Gen. Stat. § 158‑7.1 to both preserve and expand employment at the Granite Falls facility.

Under the proposed agreement the company committed to retain 70 full‑time positions at its 3908 Hickory Boulevard facility for a 12‑month verification period. The county will offer a performance‑based retention grant of $1,000 per retained job, up to a maximum of $70,000, payable after the 12‑month retention is verified. Trivette said the grant is a reimbursement and requires no upfront county payment.

Separately, Granite Falls Composites agreed to create 30 new full‑time jobs by July 30, 2026. For job creation the county offered a performance‑based grant of $2,000 per new job, up to $60,000, again payable after the company meets the creation benchmarks and verification. County staff clarified the agreements are structured in one combined contract; retained jobs and the new‑job benchmarks must be maintained throughout the agreement period or funds are subject to recapture.

The board opened a public hearing on the package; no speakers were signed up. A motion to accept the EDC recommendation and execute the agreement carried unanimously.

County staff said the incentive funds come from the sales tax reinvestment fund and that the agreements require the company to remain current on county taxes and fees while meeting the retention and creation benchmarks. Commissioner comments at the meeting highlighted the local ownership, the effort to save existing jobs and the county’s role in supporting locally owned employers.","The board approved performance‑based grants to preserve 70 full‑time jobs and incentivize 30 new hires after a local management buyout that kept Granite Falls Composites in Caldwell County.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6141098,"Commissioners approve tax grant to attract Dynastar Aerospace Machining to Caldwell County",748,1895000,2643000,"/Search/View?dp=1&key=5576253-e41975685019e051450e877aecb1662f&start=1895&end=2643","https://assets.pipeline.soar.com/5576253-e41975685019e051450e877aecb1662f/thumbnail_1895000.jpg","/articles/6141098/Caldwell-County/North-Carolina/Commissioners-approve-tax-grant-to-attract-Dynastar-Aerospace-Machining-to-Caldwell-County","https://secure.pipeline.soar.com/6141098-77c790ff5f7eeafa415927e8d1967959/orig.mp4?Expires=1775698424&Signature=mQz8rAk1HB2nTGPLQVg42M8EpjFiqTlRQEJV1OX-3KaHStYVFPZmzpwftYHvy5VC0P-BwIrgx-R6y86KvaYbuB3j6h5qqSgXA92vtQ~OpH8mK2FpbUWz6htv1JL3W~wGTil625SiePJlXD9OxM8biZpjCf-GHnwrgmEyTBdtxlGPVWJPqw~8eMO1SPiZF9FV9oyYLFGq9yXEyMp1qn0e1KZyhBT9aKVbDg65NzSK1u1C5v~JqJRnTLTZU-POFY19j-HpIs1xS4LYXXS4dsRlQ4Zd~2A6wWy26qqWdCmduoHt~sOxf7WUWzVlI3cd6AI7gch0x8Z-eyIzFjuDhPGiTg__&Key-Pair-Id=KUT5TJCACFTXG","The Caldwell County Board of Commissioners unanimously approved Aug. 11 a performance‑based tax grant to support Dynastar Aerospace Machining’s planned expansion in the county.

Jesse Trivette of Caldwell County Economic Development presented the agreement — submitted under North Carolina General Statute 158‑7.1 — saying Dynastar intends to invest about $4.4 million in real estate, construction and equipment and to hire five full‑time employees in year one and roughly 30 to 40 positions over the next three to five years, with an average annual salary of about $65,000. Trivette said the Economic Development Advisory Committee recommended a grant equal to 50% of county property taxes paid on the increased net taxable value of real estate improvements and equipment, paid annually for three consecutive years.

Trivette emphasized the county’s financial exposure is limited: \"This grant involves no upfront funds,\" he said, describing the arrangement as a reimbursement granted only after Dynastar performs. He also noted the funding for tax incentives will come from the county’s sales tax reinvestment fund.

SpaceX project representatives Jerry Suits and Robert Milton were introduced at the meeting; county staff said Dynastar has been vetted by the Economic Development Advisory Committee. The board opened a public hearing on the proposal; no members of the public signed up to speak. A commissioner moved to approve the agreement as presented; the motion passed unanimously.

The agreement allows Dynastar to select the tax year to begin the three‑year grant period but requires performance benchmarks and annual verification. No upfront county payments will be made; the grant is a reimbursement for county property taxes attributable to the company’s new improvements and equipment.

County staff and the board noted that other regulatory approvals and development requirements — such as building permits, NCDOT driveway permits and any needed utility or fire‑protection provisions — remain the company’s responsibility.","The board approved a three‑year, performance‑based tax grant equal to 50% of county property taxes on increased improvements and equipment to support Dynastar Aerospace Machining’s planned $4.4 million investment and job creation in Caldwell County.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6141102,"Caldwell commissioners approve rezoning at 2881 Connolly Springs Road to allow light industrial uses",845,1100000,1945000,"/Search/View?dp=1&key=5576253-e41975685019e051450e877aecb1662f&start=1100&end=1945","https://assets.pipeline.soar.com/5576253-e41975685019e051450e877aecb1662f/thumbnail_1100000.jpg","/articles/6141102/Caldwell-County/North-Carolina/Caldwell-commissioners-approve-rezoning-at-2881-Connolly-Springs-Road-to-allow-light-industrial-uses","https://secure.pipeline.soar.com/6141102-18e92c34b865ff5f12b15da8d3923899/orig.mp4?Expires=1775735416&Signature=W-ReGbRROcnJ8GKPgbvm9nFjRqrDzr9E~LTMXwUTqFH5woAfuS7brdbM6-CzZeBvUumhi8MHihW-vtIpRDpNjkUTqDy-yc4fBr1yISc2uWWfpLA4cO1fgg4XxDgQ~X1UzjF~INvcXKB41ONu94eW2Vw-c1UGmLsww~nJYqPfPwm0LaIDj6G~Kk0Smk4NfbWO6C~WrTJxbyR4QAlLmPb0zVGTjNlrOs6qgsixGlA-mD3u7ufEK34RHxLIO2Lq1LygTMjahG7s4wK0j06KFDXrwROBqQdhICWfGEdECjAZMvPXPbziA53cNO43raF1cJIOnCnGX71xqvDFo8NZ1Ae~bg__&Key-Pair-Id=KUT5TJCACFTXG","The Caldwell County Board of Commissioners voted unanimously Aug. 11 to rezone a 10-acre parcel at 2881 Connolly Springs Road from General Business to Light Industrial.

The change, requested by property owner Raymond Dollar, was presented to the board by Kim McGee of county planning staff, who said the parcel sits in the protected watershed area and would be limited to 36% impervious cover unless a special intensity allocation is approved. McGee told commissioners the site is heavily wooded, served by Duke Energy, and by on-site septic and well systems; soil evaluations have been completed and a final septic permit will be issued after the site is staked.

The Planning Board recommended approval after finding the request consistent with Caldwell County’s comprehensive plan and the county’s future land-use map, which designates the area as a commercial-corridor node where light industrial zoning is an appropriate district. McGee noted state law requires the board to consider all permitted uses in the requested district and their potential impacts; permitted uses in Light Industrial include distribution, warehousing, wholesale, trucking terminals, public works and solar farms. The recommendation was made subject to NCDOT driveway permit and septic/well permit approvals.

The board opened and closed a public hearing with no speakers signed up. After reading the Planning Board’s consistency statement into the record, the board adopted the zoning map amendment by motion and unanimous vote.

Commissioners and staff emphasized that the rezoning determines allowable land uses under county zoning only; all other laws and regulations — for example building code, fire protection and environmental health requirements — remain applicable and may limit specific uses or require additional infrastructure such as sprinklers or municipal water connections if later required.

The county attorney’s office asked that the Planning Board’s consistency statement be included in the minutes as part of the record.","The Board approved a map amendment to rezone a 10-acre parcel at 2881 Connolly Springs Road from General Business to Light Industrial after a Planning Board recommendation and staff presentation; approvals are contingent on NCDOT driveway and septic/well permits.","actionData","errors"]

Article not found

Board OKs phased tax grant for food‑processing expansion projected to add more than 50 jobs

County approves incentives to keep Granite Falls Composites locally owned after management buyout

Commissioners approve tax grant to attract Dynastar Aerospace Machining to Caldwell County

Caldwell commissioners approve rezoning at 2881 Connolly Springs Road to allow light industrial uses