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Newton Council approves sale and economic deal for Windak expansion, citing $2.5M investment and 11 new jobs
Summary
The Newton City Council approved an Economic Development Agreement and Real Estate Purchase Agreement selling seven city-owned parcels on Whitten Lane to Windak, Inc., accepting a $170,000 purchase price and requiring at least $2.5 million investment and creation of 11 new jobs by end of 2026.
The Newton City Council on March 5 approved an economic development agreement and a real estate purchase agreement that will allow Windak, Inc. to buy seven city-owned parcels on Whitten Lane for a proposed 25,000–30,000-square-foot production facility. Nathan Huret of the Catawba County Economic Development Corporation told the council the package is intended to secure Project Tallinn, an expansion by a cable-industry machinery firm that would relocate 20 existing…
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