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Gastonia approves two level‑1 economic development grants for local expansions
Summary
City Council approved two level‑1 incentive grants: Project CAPT (approx. $3.5M investment, 10 new jobs at ~$56,985 average salary) and Project Flower (approx. $1.5M investment, 22 new jobs at ~$55,000 average salary). Both grants are five‑year, declining percentage reimbursements and were approved unanimously.
The Gastonia City Council on Oct. 15 authorized two separate level‑1 local incentive grants for companies expanding in the Gastonia area.
Economic Development Director Christy Crisp presented Project CAPT, described as an expansion in the Gastonia Technology Park with a projected $3.5 million…
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