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Newton council backs Wanzl North America expansion with tax‑grant incentive
Summary
Newton City Council unanimously approved an economic development agreement to support a Wanzl North America expansion that the county estimates will involve at least $15 million in investment and creation of 10 new jobs, backed by a three‑year, 50% property tax grant recommendation from the county EDC.
The Newton City Council voted unanimously on Nov. 14 to approve an economic development agreement supporting an expansion at Wanzl North America’s Newton facility.
Nathan Huret, economic development director with the Catawba County Economic Development Corporation, told the council the proposed project would require a capital outlay of at least $15…
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