by Sam Hieb
Any regular reader knows I like to mock Davidson County’s super-secret code names for prospective economic incentives projects. ‘Project Plum’ seems to fit the bill:
Davidson County commissioners approved an incentive package Tuesday for “Project Plum,” an unidentified company that is considering moving to a location near the intersection of U.S. Highway 64 East and N.C. Highway 109.
…The board approved using up to $1 million from its general fund to purchase portions of three properties on Clarksbury Church Road for the project.
The county would lease the land to “Project Plum” for 10 years, and the unidentified company would pay rent annually in the amount of $100,000. If the company met the proposed investment, job, and wage requirements each year, the county would pay “Project Plum” an annual grant, which would not exceed $100,000, for 10 years, according to county records.
Davidson County Commissioner Larry Potts said he ‘assumed’ the county would face competition from another area offering up a similar incentives deal. That’s a logical assumption.