Alamance County Commissioners will hold a public hearing October 1 on a proposal to extend economic development incentive grants to a Somerset, NJ-based chemical company.
The purpose of this hearing will be to receive comments on the proposed agreement, according to the official notice posted by the county on September 20. The projected new capital investment by Universal Preserv-A-Chem, a family-owned wholesale chemical distributor and specialty manufacturer of chemicals and natural ingredients, is $9 million for equipment and facility expansion at the N.C. Industrial Center in Mebane. The project is expected to create 39 new jobs paying average annual wages of $44,192. The proposed Alamance County Incentive Grant would be $90,000 ($30,000 annually for three years), payable after investment and job targets are verified.
Due to Hurricane Florence, company representatives were unable to attend the original hearing that had been scheduled for Monday, September 17.
Meeting info:
Monday, October 1, 2018 at 9:00 a.m.
Commissioners’ Meeting Room
2nd floor of the County Office Building
124 W. Elm Street
Graham, NC 27253