Iredell County Board of Commissioners Approve $12M in Economic Incentives

The Statesville Record and Landmark is reporting the Iredell County Board of Commissioners approved two economic incentives last night that total roughly $12 million over the next seven years. The first was for an economic development incentive of up to $7,920,815 over a seven-year period based on an investment up to $324,064,900 by Sherwin-Williams. The second was for another economic development incentive for BestCo in the amount of $3,902,204 over a seven-year period based on the company’s investment of up to $177 million, stimulation of the local economy and the creation of employment opportunities. The BestCo facility’s expansion in Mooresville is expected to employ more than 1,000 people when completed, according to the company. Both motions passed unanimously.

Author: Mike Jackson