Wilmington city council approved a resolution approving an incentives deal with New Hanover County and Castle Branch
WILMINGTON, NC (WECT) – Wilmington City Council voted unanimously to approve the 2013-14 budget that totals $141 million.
The budget does not include an increase on property taxes, and does include funding to give city employees a 2% pay increase. It also contains a pool of funds to provide performance-based merit pay increases for city employees that are eligible.
Council members also unanimously voted to authorize the Mayor to enter into an Incentive Agreement with New Hanover County Commissioners and Castle Branch, making official what was agreed on earlier in February. Commissioners and Council Members approved an incentive grant for the company to expand its current location into the new World Headquarters. Company officials recently broke ground on the new facility. The grant provides $50,000 a year for five years from the city and county to Castle Branch, in exchange for the investment in the local community and addition of 400 employees.
Castle Branch, which is located near Mayfaire Town Center, does employee background checks and recently grew into screening those in the health care industry.
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