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Greene County approves incentives for manufacturing relocation, including $175,000 Commerce pass-through
Summary
The Greene County Board of Commissioners approved a performance-based business investment grant for a relocating manufacturer that pledges 60 jobs and a $4 million capital investment, and also agreed to serve as a $175,000 pass-through recipient for a state building reuse grant.
Greene County commissioners voted to approve two incentives aimed at attracting a manufacturing firm that plans to relocate operations just outside the town limits.
Trey Cash, who addressed the board during the presentations, said the company (called in the agenda 'JEDCO Manufacturing Incorporated' and referred to in the presentation as 'Joco Manufacturing') intends to occupy a 50,000-square-foot facility on Carolina Drive, invest at least $4,000,000 in capital improvements and create 60 jobs in the first three years. "They must create 60 jobs in those 3 years," Cash said, and the business investment grant is performance-based: payments will be made only after the company meets job and investment thresholds and will not exceed the taxes the company pays.
The business investment grant package in the county’s agenda documents lists a total grant amount over three years of $46,802.21. Commissioners asked about the project timeline; Cash said the company hoped to close on the building around Thanksgiving and begin construction so hiring could start early next year.
Separately, Cash told the board that Greene County was awarded a $175,000 building reuse grant from the North Carolina Department of Commerce to support the same company’s redevelopment. Under the agreement, the county will act as a pass-through and monitor the company’s compliance with Commerce’s performance conditions. Cash described the county’s approach as performance-based rather than holding a deed of trust: "We typically do not hold a deed of trust on that," he said, explaining the county waits to request funds from Commerce and then disburses to the company after requirements are met.
Commissioners moved and approved both agreements by voice vote. The board did not record an individual roll-call tally in the transcript; minutes indicate the motions carried by unanimous voice votes.
What happens next: The county will monitor company performance against the grant conditions and request disbursement from the Department of Commerce after the company meets the requirements. No further procedural deadlines were stated during the meeting.
