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Iredell County approves $46,547 incentive for Project Portia as Vici Inc. plans Mooresville expansion
Summary
The county approved a five-year economic development grant for Vici Incorporated’s Project Portia, which would consolidate operations for Riley Motorsports and Kelly Moss Motorsports in a 157,000-square-foot Mooresville building and is expected to create at least 11 new jobs with average wages above $80,000.
Iredell County commissioners voted Tuesday to approve a $46,547 economic development incentive for Project Portia, a proposed consolidation of motorsports operations by Vici Incorporated in Mooresville.
County economic development representative Todd Black introduced Project Portia at the public hearing, saying Vici Inc. is a strategic alliance between Riley Motorsports of Mooresville and Kelly Moss Motorsports of Wisconsin. "Vici Incorporated plans to purchase an existing 157,000 square foot building located on Mecklenburg Highway in Mooresville for expanded operations of both companies if incentives are approved…
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