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Greensboro, Randolph Co. leaders approve incentives for company coming to megasite

Officials remained tight-lipped on the company's name. We'll learn it during Gov. Cooper's announcement at 2 p.m. Monday.

GREENSBORO, N.C. — Greensboro city council members and Randolph County commissioners both unanimously approved incentives for a company coming to the Greensboro-Randolph Megasite on Monday morning. 

Greensboro approved waiving water and sewer fees for the unnamed company. Randolph County approved tax incentives. 

Officials did not share the name of the company, only referring to it as "Project Darwin." Gov. Roy Cooper will make the official announcement at 2 p.m. 

Officials said the company will create around 1,700 jobs that will bring an average annual salary of $62,000. 

The incentives provided by Randolph County include: 

  • Performance-based incentive payments to the paid to the company over a period of 20 years
  • In Phase One, the county will pay 60% of the countywide property tax the company pays
  • The county may pay additional payments to cover permitting fees required to build and operate the facility 
  • The county will increase the property tax payment to 70% and again pay fees needed to execute the expansion, in the event the company moves to a Phase Two expansion

Major Economic Announcement Coming

The State of North Carolina and Greensboro-Randolph Megasite are planning to make “a major economic development announcement” for the area Monday.

Could this mean a rumored deal with Toyota may be finalized?

For years, business leaders have tried to lure a company to the 1,800-acre piece of land on the county border.

Commissioners were set to hold a public hearing on Monday to discuss incentives. Documents show they're trying to court an unnamed company that would bring a $1 billion investment and 1,700 jobs. It says the company could even expand the project to $3 billion and nearly 4,000 jobs.

This would be a huge impact on the Triad. The Economic Policy Institute says for every 100 manufacturing jobs, about 740 other jobs get created indirectly.

WFMY News 2 will bring the announcement on our website and YouTube Monday at 2 p.m.

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