Commissioners to consider incentive deal
(Mountain XPress) At their Oct. 15 meeting, Buncombe Commissioners are set to approve $84,000 in economic incentives for Plasticard-Lockteck International. The deal’s been in the works since last spring, when county officials promised the incentive grants to the company if it expanded operations at its Arden headquarters. f the county “did not promise such economic development incentives,” the company “would not complete the project,” according to the Oct. 15 resolution under consideration. The tax department estimates that the company’s recent investment and new jobs will generate over $313,000 in tax revenue for the county over the next 10 years.
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