New Hanover mulls $500,000 worth of incentives for Fortron

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Submitted: Fri, 03/14/2014 - 2:32pm
Updated: Fri, 03/14/2014 - 11:52pm

By Julian March

New Hanover County will consider ponying up $500,000 worth of incentives for Fortron Industries LLC.

To be eligible for the incentives, the corporation would need to make a $50 million investment in capital improvements in a county facility and retain 60 jobs, according to a public notice.

Fortron has a facility off US 421 north of Interstate 140.

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  • Linda Cosgrove says:

    It is amazing the number of incentives the county commissioners have given considering we have a predominately republican, “conservative” board. Didn’t “chairman” White run on being against incentives? Isn’t he now running as being part of the tea party?

    He is the definition of the “go along to get along” politician. I look forward to 2016 when he is off the board of commissioners and not holding any elected office. Our area will be far better off that way.

  • Vog46 says:

    $500,000 is what 1% of $50M?
    Here’s a thought for you.
    Why NOT give them 25% of the money spent like the film industry gets eh?
    25% of $50 mil is $12.5M ??????

    Lets be fair here.
    Or we could give the film industry 1% of the money THEY spend here.

    Now you know why I’m against incentives.

    For anyone, anytime


  • taxpayer says:

    “corporate whore” come to mind?

  • Guest1971 says:

    Am I understanding this correctly…They are going to get $500K to retain jobs? Not create jobs but to retain jobs? What kind of capital improvements? Will they spend the money locally to buy the materials for the improvements? Will they use local labor to make the improvements?

    Our local government needs to make sure when they give money to companies that the local economy benefits.

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