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Statesville council approves incentive for GMS Fabrication expansion
Summary
The Statesville City Council unanimously approved a performance-based incentive grant for GMS Fabrication LLC to support a $14 million expansion that the company says will add up to 25 jobs; the grant is up to $219,115 paid over five years and tied to investment and job creation milestones.
The Statesville City Council on Dec. 15 approved a performance-based economic incentive for GMS Fabrication LLC, a race-vehicle manufacturer planning a 75,000-square-foot expansion near the Statesville Regional Airport.
Jen, the presenter for the request, told the council the company plans a $14,000,000 capital investment, expects to relocate existing machinery and add new equipment, and currently employs 22 people with plans to…
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