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Board OKs $2,000-per-job retention grant to keep Baker's Waste Equipment in Lenoir
Summary
Commissioners approved a local jobs retention grant to support Baker's Waste Equipment (owned by Iron Crest) that will pay up to $2,000 per retained job for up to 150 jobs, contingent on a one-year retention period and quarterly payments tied to maintaining at least 90% of committed positions.
The Caldwell County Board of Commissioners unanimously approved a local jobs retention grant on Feb. 23 to help keep Baker's Waste Equipment operating in Lenoir following its acquisition by Iron Crest.
Ashley Bolek, county economic development staff, said Iron Crest acquired the existing facility at 1808 Norwood Street SW and plans a more than $10 million investment to retool…
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