The Wayne County Board of Commissioners agreed Tuesday to an economic development incentive grant of $240,000 payable over 10 years to Hosokawa Micron International.
The grant is in exchange for Hosokawa’s commitment to invest $6,335,169 in capital improvements and to create 16 jobs in Wayne County.
Hosokawa Custom Processing Services announced in November that it will relocate from New Jersey to a “shell” building at 501 Challen Court in the ParkEast Industrial Park.
Hosokawa Custom Processing Services, a division of Hosokawa Micron Corp., processes powders to be used primarily by the chemical, mineral and plastics industries.
No one spoke during time set aside for a public hearing Tuesday on the grant.
The vote on Commissioner Barbara Aycock’s motion to approve the grant was unanimous. The vote was 6-0; Commissioner Freeman Hardison was absent.
The N.C. Department of Commerce previously announced a performance-based grant of $50,000 to Hosokawa from the One North Carolina Fund contingent on meeting job creation and capital investment targets.
The company’s new positions will include operators, technicians and managerial personnel. The average annual salary for all new positions is $50,994. Wayne County’s overall average annual wage is $38,401, the governor’s office said.
“We welcome them to Wayne County,” Chairman Joe Daughtery said.
Hosokawa’s plan is to have the new facility in operation by autumn of this year.
Details on the sale of the shell building are still being finalized, Joel Gillie, Wayne County public affairs director, said Wednesday.
‘PROJECT BUTTER’Also Tuesday, the commissioners agreed to apply for up to $200,000 from the North Carolina Rural Center’s building reuse grant program to assist with business expansion for the code-named “Project Butter.”
“Project Butter needs assistance in financing the renovations that may qualify for Rural Center funding,” County Manager Craig Honeycutt said in a resolution presented to the commissioners for approval. Wayne County would provide a 5% match of the grant amount.
“Project Butter” first surfaced under economic development projects listed in the state budget approved in November. The state budget allocated $22 million for Project Butter.
Rep. John Bell IV, House majority leader, said in November that Project Butter is an economic development project involving an industry that has not yet been announced.
“That’s why it has the code name of ‘Project Butter,’ ” Bell said at that time, adding: “It’s a massive win for Wayne County and the city of Goldsboro.”
The commissioners voted unanimously and without discussion to approve filing the application.