Columbus County's economic developer wants commissioners to consider giving incentives to a company planning to expand its Tabor City operation.
Filtec Precise, which makes industrial yarns and textiles, plans to add another building to house new production lines at its plant on Hwy. 701, according to Gary Lanier, Columbus County economic development director.
Between the construction and new equipment, the company would invest $1.4 million and create at least 15 full-time jobs, according to information provided to county commissioners.
Lanier proposes the county pay Filtec Precise a grant totaling $44,202.55. The company would receive a check each year for five years after paying property taxes.
The graduated grant payments would range from $9,887 in the first year to $8,143 in the fifth year.
It would be the third time the county partnered with the German-based company on an expansion, according to Lanier. He said the company employs 40-50 workers in Tabor City.
Lanier couldn't provide a specific timeline for the expansion but said construction could start this year.
Monday night he will ask commissioners to a schedule a legally required public hearing regarding the proposed incentives.
Tabor City Manager Al Leonard said the town does not plan to offer incentives for the expansion.
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