John Dancoff, Existing Business Manager for Lincoln Economic Development Association, presented requests for three Lincoln County Industrial Incentive Grants to the county commissioners on Monday, February 3rd, 2020. The total investments were just under $27.5 million and will create just over 40 new jobs.
The first went to Mid-Atlantic Roofing located in Eastern Lincoln County. Mid-Atlantic Roofing manufactures and supplies parts to the roofing industry. They will be investing $4.3 million in construction and equipment at a second location on Quarry Lane. Creating at least 10 new jobs. In return the county will provide $16,527 per year for five years after the completion of the project.
The second request was for KACO USA located at 1001 Lincoln County Parkway, in the Lincoln County Industrial Park. KACO manufactures oil seals for the automotive industry. KACO will be investing $2.3 million in equipment and machinery creating 3 new jobs. In return the county will provide $6,392 per year for five years after the completion of the project. The third request was an agreement to invest $20.7 million in equipment and building expansion of a local industry, creating 28 new jobs. The county will provide $66,241 per year for five years after the completion of the project. The company name is withheld pending NC State approval and announcement at that time.
Mr. Joe Lampron, board chair for Lincoln Economic Development Association offered his congratulations. “These companies have been a great asset to Lincoln County. LEDA is grateful they have decided to continue their success in Lincoln County and looking forward to working with them as they continue to grow.”
Mr. Carrol Mitchem, chairman of the Lincoln County Board of Commissioners added. “These three companies are all great partners with Lincoln County, and we look forward to supporting them as they continue to grow with our county.”