Rowan County approves level-3 tax incentive for Project Powerball, citing up to 1,200 jobs

Rowan County commissioners on Monday approved a level-3 local incentive for Project Powerball, a manufacturing prospect the county says could create nearly 1,200 jobs over five years and bring hundreds of millions of dollars in investment.

Economic development staff told commissioners the company is evaluating several Southeastern locations and that Rowan County is one of the finalists. "If our community was selected, the company would create nearly 1,200 jobs over the next 5 years and also invest about $264,000,000 in business, personal property and real property during this time period," the staff member said. Staff later reported the company’s long-term plan could total about $500 million in investment.

The request sought a level-3 grant under Rowan County’s adopted incentive policy, described by staff as equal to 50% of property taxes…