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High Point Council approves $100,000 incentive package for Cascade Die Casting expansion
Summary
The City Council approved a $100,000 performance-based incentive over five years for Project Gamble — an expansion by Cascade Die Casting — tied to an $8 million investment and 43 new jobs in High Point.
The High Point City Council on a voice vote approved performance-based incentives totaling $100,000 over five years to support “Project Gamble,” an expansion by Cascade Die Casting and Machining at 1800 Albertson Road and 501 Old Thomasville Road.
The incentives are tied to a company commitment of just over $8,000,000 in real and personal property investment and a pledge to add 43 jobs over five years with an average wage of $61,554, city economic development director Peter Bishop said. “This project represents an existing industry expanding operations…
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