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Council approves five‑year incentive grant for steel manufacturer 'Project Superman'

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Summary

City council authorized a five‑year, declining incentive grant not to exceed $327,487 per year for an existing Fayetteville steel manufacturer planning expansion that would add 42 full‑time jobs and a $22 million investment.

FAYETTEVILLE, N.C. — Fayetteville City Council on Sept. 22 approved a five‑year, declining incentive grant for a local steel components manufacturer identified in staff materials as “Project Superman.”

Economic development staff said the company owns a 75‑acre tract in Fayetteville, proposes a $22 million investment in buildings and…

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