High Point council approves incentives for CNC Industries and Triad Expediters, citing jobs and building reuse

High Point’s City Council on July 15 approved performance-based incentive packages to attract two companies that city officials said will bring new jobs and investment to affected neighborhoods.

The council authorized $100,000 in local incentives to support CNC Industries’ proposed purchase and renovation of a 105,000-square-foot facility at 2103 Brentwood Street and approved a resolution backing a $150,000 building-reuse grant application tied to the project. Economic Development Director Peter Bishop told council CNC would invest in machinery and equipment, create 108 direct jobs with an average compensation near $42,000 and meet performance benchmarks in an agreement to be executed by the city manager. “For this project, the High Point EDC recommends city council award $100,000 in cash incentives under the industrial incentive policy,” Bishop said.

Andy Boutros, president and CEO of CNC Industries, described the company as an FDA-certified contract manufacturer of personal-care and over-the-counter drug products and said the firm is considering High Point as its primary manufacturing location outside Florida. “We are estimating about 108 direct jobs,” Boutros said, and described plans for renovations and equipment investments over the next five years.

Council members praised the project’s reuse of a vacant building and potential to reduce outbound commuting. Councilman Moore said the project “checks a lot of boxes” for reuse and local job opportunities but asked staff to provide regular reports about how the program is functioning after implementation.

Separately, the council approved incentives for Triad Expediters, the parent of three companies including College Hunks Moving. Peter Bishop said the proposed headquarters and yard at 1806 Wade Place would invest roughly $700,000 in the first phase and create about 66 jobs with average wages above $45,000; the EDC recommended up to $37,126 in performance-based incentives. The council moved and passed the item after the public hearing.

Both incentive approvals were framed as performance-based: the council authorized the manager to execute agreements that include investment and employment benchmarks and a payment schedule. The EDC noted some state-level grants (a building reuse grant and a One North Carolina Fund incentive for CNC) are competitive and require local matching or supporting resolutions to secure state funds.

The council’s approvals clear the way for the city manager’s office to finalize performance agreements and for staff to submit the city-supported grant application for the CNC project. Council members said they welcomed the investments while asking staff to monitor wage trajectories and program outcomes moving forward.