County may offer incentives for National Gypsum’s return

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NEW HANOVER COUNTY, NC (WWAY) — New Hanover County is considering offering an incentive package to a company that left Wilmington nearly ten years ago.

According to a notice, the county would offer National Gypsum $350,000 over five years in annual payments of $70,000 to reopen, refurbish and operate the existing Gypsum facility on Sunnyvale Drive. The money would come from the county’s General Fund.

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The plant closed in January of 2009 during the housing market slump, when the demand for dry-wall went down. 63 people lost their jobs when the plant closed.

The county notice states that the plant would create 51 new jobs with an average salary of at least $57,000 and spend a minimum capital investment of $25,000,000.

A public hearing on the proposed incentive package is planned for February 19 at 9:00 a.m. at the New Hanover County Historic Courthouse in room 301.



 

 

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