Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Economic Development topic

No spam. Unsubscribe anytime.

Council backs Sandvik Coromant’s state building‑reuse grant application for 18 local jobs

Mebane City Council Meetings · August 6, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Mebane council approved a resolution to submit a North Carolina building reuse grant application for Sandvik Coromant, which seeks support for a $2.095 million real‑property expansion and said it would add about 18 net jobs locally; council approved the local match and resolution pending state award.

The Mebane City Council voted Aug. 5 to submit a North Carolina Department of Commerce building‑reuse grant application and provide the required local match for Sandvik Coromant’s proposed expansion in the Alamance‑portion of Mebane.

Representatives introduced by the Alamance Chamber described Sandvik Coromant’s local history and technical manufacturing work. Staff said the project would add approximately $1,295,207 in real property and $800,000 in personal property to the tax base and create 18 new jobs at an average salary the staff listed as $62,777. The grant is primarily for real property; Sandvik indicated it is not seeking additional local incentives beyond the build‑and‑reuse grant this round.

Staff explained the state program requires a 5% local match; the council moved to approve submission of the application with the local match and carry the motion by voice vote. The transcript records an affirmative voice vote; no numeric roll call was recorded.

Why it matters: The building reuse grant is a state program designed to support redevelopment of existing industrial space. Sandvik’s project aims to reuse vacant building space and add incremental manufacturing and technical jobs to the local economy.

What’s next: The city will submit the application to the state with the committed local match; award of the state grant will determine whether local matching funds and the project proceed.