Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Votes at a glance: Project NewCo incentive, outside-agency funding, loan amendment and contracts approved
Summary
At its meeting commissioners approved a local incentive for a prospective manufacturer called Project NewCo, authorized outside-agency funding for jail mental-health services, adopted an amendment template for state cash-flow disaster loans, awarded an audit contract and approved several proclamations and administrative items.
The Rutherford County Board of Commissioners voted on several agenda items, taking the following actions during the meeting.
Project NewCo incentive: After a public hearing the board approved a resolution to offer a local economic-development grant tied to a prospective company referred to as Project NewCo. County staff told commissioners the company — a planned combination of two manufacturers — is projected to create at least 125 jobs and to invest at least $45,000,000 in its first five years if it selects Rutherford County. County staff said the state is expected to offer a performance-based Job Development Investment Grant (JDIG) and a $480,000 building reuse grant; the local grant approved by the board equals 50% of the company’s net new real and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
