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Newton approves incentives to keep Pregis PolyMask expansion, citing jobs and $11 million investment
Summary
Newton City Council unanimously approved economic incentives and a Building Reuse Grant agreement to help Pregis PolyMask expand local operations, retaining 67 jobs and creating 10 new positions tied to an anticipated $11 million investment.
Newton City Council unanimously approved an Economic Development Agreement and a Building Reuse Grant agreement on Nov. 1 to support an expansion by Pregis PolyMask that the city’s economic development partner said would retain 67 existing jobs and create 10 new positions tied to an $11 million facility investment.
The vote came at the conclusion of a public hearing in which Nathan Huret of the Catawba County Economic Development Corporation told the council the expansion would add a film-coating production line and new technology to the Newton facility, and that state and county incentives plus the city’s participation would improve Newton’s competitiveness against other…
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