AC-T: Buncombe works to lure mystery company

Here’s an excerpt from the Asheville Citizen-Times article:

Buncombe County government is working to secure expansion of a manufacturing plant identified in official records only as “Project X.”

The effort would involve the county spending $15.7 million on land and buildings and paying $2.7 million in incentives to the unnamed company, according to legal advertisements paid for by the county. The building to house Project X would be 125,000 square feet.

The company in return would install machinery and equipment worth $126 million and create 52 jobs at a minimum, the ads say.

In a closed session Feb. 5, commissioners discussed a potential incentive “for an existing company that would make a $300 million investment and bring 270 jobs,” meeting minutes say. Officials would not say whether that company is the same one involved in Project X.

Commissioners have scheduled a special meeting for May 14 to hold a public hearing on the project.

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