Brunswick County Board of Commissioners approves $270,000 economic incentive grant

Board members approved a $270,000 incentive grant distributed over a three-year period to...
Board members approved a $270,000 incentive grant distributed over a three-year period to Precision Swiss Products.(WECT)
Published: Sep. 19, 2022 at 5:31 PM EDT|Updated: Sep. 20, 2022 at 11:53 AM EDT
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BRUNSWICK COUNTY, N.C. (WECT) - Brunswick County’s Board of Commissioners held a public hearing on an economic development incentive for Precision Swiss Products on Monday, September 19. The proposal was unanimously approved by the board.

Board members approved a $270,000 incentive grant distributed over a three-year period to Precision Swiss Products. To receive that funding, the company agreed to invest nearly $8,433,000 in machinery and equipment. The company also committed to creating 125 new full-time positions within the county with an average salary of $54,025.

The payment will come from the county’s general fund. Per the agenda, the goal is to “stimulate and stabilize the local economy and result in the creation of new, permanent jobs.”