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Newton City Council approves incentives, $200,000 grant support for RMC Advanced Technologies expansion
Summary
Newton City Council unanimously approved a package of incentives and grant agreements aimed at securing RMC Advanced Technologies’ acquisition and expansion of a Newton manufacturing facility, including a $200,000 Building Reuse grant and a two‑year 50% property tax grant tied to job creation.
Newton City Council on Jan. 19 unanimously approved a set of economic development agreements to support RMC Advanced Technologies’ planned acquisition and expansion of a manufacturing facility in Newton.
Nathan Huret of the Catawba County Economic Development Corporation told the council that RMC — a subsidiary of NanoXplore that manufactures graphene‑enhanced plastics — intends to retain 24 existing employees and create at least 49 new jobs tied to an initial investment of $6,850,000; a five‑year projection submitted by the company estimated up to 80 new jobs and roughly $7.5 million…
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