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Rowan County approves incentive grant for Project Paddock, a proposed manufacturer promising 25 jobs
Summary
The board approved a level 1 economic development grant for 'Project Paddock,' a prospective manufacturing relocation estimating about 25 new jobs and roughly $32 million in private investment, with county staff describing the grant as paid from increased tax revenues over five years.
Rowan County commissioners voted Feb. 16 to approve an economic development grant under the county’s current policy for a prospective manufacturer identified in staff materials as 'Project Paddock.' Economic development staff (Scott) described the company as a metal‑fabrication manufacturer considering a Rowan County site, estimating approximately 25 new jobs over three years and about $32 million in real and personal property…
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