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Newton City Council approves development deal to bring Crate & Barrel distribution center
Summary
Council approved a development agreement with Euromarket Designs, Inc., d/b/a Crate & Barrel for a 736,000-square-foot facility on about 69 acres, projecting 150 jobs and a minimum $38.5 million investment; incentives include performance-based payments with clawbacks.
Julie Pruett, business recruitment director with the Catawba County Economic Development Corporation, told the Newton City Council on Sept. 15 that Euromarket Designs, Inc., d/b/a Crate & Barrel plans to invest at least $38.5 million to build a 736,000-square-foot facility on roughly 69 acres in the Newton Corporate Center and create 150 jobs paying at or above the county average wage.
The development agreement presented to council includes performance-based…
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