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Hertford County approves economic-development agreement for Project Green Lantern
Summary
The Hertford County Board of Commissioners approved an Economic Development Agreement and a Community Reinvestment Agreement to support Project Green Lantern, a multi‑phase manufacturing investment by US Forged Rings, Inc., with phased investments described at $250M, $300M and $325M.
The Hertford County Board of Commissioners on Feb. 26 approved an Economic Development Agreement and a Community Reinvestment Agreement intended to induce Project Green Lantern, a proposed manufacturing facility by US Forged Rings, Inc.
Attorney Charles L. Revelle III presented the agreements to the board, saying the company proposes a phased investment in the county tied to incentives authorized under the Local Development Act of 1925, N.C. Gen. Stat. §158-7.1. The documents included…
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