Polk to match $115k for manufacturing grantPublished 5:17pm Monday, August 27, 2012
Polk County has agreed to provide $115,000 to match a grant over a three-year period in order to help bring manufacturing jobs to the county.
The Polk County Board of Commissioners held a public hearing and approved matching the funding during its Monday, Aug. 20 meeting.
The company, which cannot yet be named, will be required to bring 23 new jobs to the county and maintain those positions for a minimum of four years.
Polk County Economic Development Director Libbie Johnson said the county has a really good opportunity to bring some manufacturing jobs to the county.
She said the county is not allowed to say who the company is until it’s announced by the governor’s office.
The county will be matching a grant from The One North Carolina Fund.
Besides creating the new jobs, the company is also investing $700,000 in new equipment.
Johnson told commissioners there is a very involved application process for the company that has to be approved by the state employment and governor’s office.
“It has to be a good company for the state to put out those funds and ask the county to match those funds,” said Johnson.
Commissioner Ted Owens added that the county will be dispersing its $115,000 through quarterly payments over a three-year period, stating it will not be one pay out of funds.