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Council authorizes incentive for Hoffman Companies expansion (Project —Superman—) to retain 350 jobs and create 131 new positions
Summary
The council approved a five-year incentive of $1,500 per job for the Hoffman Companies expansion (Project Superman), which plans a $13.5 million capital investment and 131 net new jobs with an average wage of $77,137; staff said the project meets local incentive criteria and the vote was unanimous.
The Greensboro City Council on Dec. 16 approved a resolution authorizing an economic development incentive for Hoffman Companies, referred to in staff materials as "Project Superman." Marshall Yandall, the city—s economic development manager, told the council the company would consolidate Greensboro operations, retain about 350 existing employees and create 131…
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