Couny of Greene issued the following announcement on Aug. 23.
NOTICE IS HEREBY GIVEN that the Greene County Board of Commissioners will hold a public hearing during its regular meeting which is scheduled as follows:
TIME: 10:00 A.M.
DAY: TUESDAY
DATE: SEPTEMBER 6, 2022
PLACE: GREENE COUNTY OPERATIONS CENTER 312 SE SECOND ST, SNOW HILL, NC 28580
PURPOSE: To consider the provision of economic development incentives pursuant to G.S. 158-7.1.
The Board of Commissioners intends to consider awarding an economic development incentive to H&T Trucking, Inc. which is investing in real and personal property with a potential value totaling $350,000 real property and $100,000 personal property investment taxable amount ($450,000 total investment). H&T Trucking, Inc. will invest $450,000 and create 70 new jobs in Greene County over the life of the project.
The value of the incentive is based upon the appraised value each year as appraised by the Greene County Tax Administration Office. The amount of Greene County property tax revenues which will be billed to the company for their capital investment in machinery and equipment for H&T Trucking, Inc. will exceed the amount to be paid out by the county for economic development grants.
The grant will be a total of $32,500 and paid over five years. No money would be paid until after performance goals are met. The first payment would be following the investment and reporting to the Greene County Tax Office.
Questions concerning this agreement and project may be directed to Trey Cash, NC GTP Economic Development Region at (252) 747-3446.
Original source can be found here.
