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Durham County approves performance awards for two private projects promising jobs and investment
Summary
The Board approved a $170,000 performance-based award for Project High Power (IONNA) and a $930,000 award for Project Foundry (Science Foundry), citing projected job creation of 203 and 54 positions and multi-million-dollar investments over five years; commissioners unanimously authorized the County Manager to negotiate agreements.
The Durham County Board of Commissioners on July 8 unanimously approved two performance-based economic-incentive awards aimed at encouraging private investment and job creation.
The Board approved a $170,000 performance-based award to support 'Project High Power,' identified as IONNA’s new premium office headquarters. Economic Development Manager Matthew Filter said the project would create 203 jobs over five years and represent an…
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