Commissioners approve Project Yacht incentive, federal transit grant applications and several rezoning requests; Blue Thunder hearing postponed

The Davidson County Board of Commissioners on Sept. 8 approved a performance-based economic incentive for Project Yacht, authorized federal transit grant applications, approved several rezoning requests and postponed a separate public hearing on the Blue Thunder project until Oct. 27. The board also held a closed session on property acquisition and attorney-client matters.

Project Yacht: The board approved a performance-based incentive agreement for Project Yacht, a nonwoven textile manufacturer proposing a Lexington expansion at 647 Hargrave Drive that staff said would create 80 jobs with an average wage of $54,000 and a capital investment figure presented in the packet. The incentive is described in the draft agreement as a three-year performance incentive capped at $150,102 and applies to an incentivized portion of capital investment; the motion was approved with the condition that the form of the contract be approved by the county attorney’s office.

Federal transit grants: County staff presented the board with federal grant applications to submit through the N.C. Department of Transportation Integrated Mobility…