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Iredell commissioners approve $214,993 incentive for Project Nano (RMC Advanced Technologies) contingent on contract
Summary
The board approved an economic development grant of up to $214,993 over five years for RMC Advanced Technologies Inc.'s Project Nano, tied to a $21 million capital investment and job-creation benchmarks; the award is contingent on a contract within 180 days.
The Iredell County Board of Commissioners voted Tuesday to approve an economic development incentive of up to $214,993 over five years for Project Nano, a proposed investment by RMC Advanced Technologies Incorporated that county economic development staff said will total $21,000,000 in capital investment.
Craig Goodson of the Iredell County Economic Development Commission presented the proposal, saying the project would be completed in two phases and would…
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