21-04-2025
- Business
- Business Journals
Gaston County weighs incentives for 701 manufacturing jobs
The company would be investing $268 million to get the operation up and running.
Gaston County appears to be in contention for a significant economic development project.
The Gaston County Board of Commissioners is scheduled tomorrow to consider incentives for Project Nexus. County documents state the project calls for a $268 million investment and the creation of 701 jobs. The company behind the project is not disclosed, but the investment is described as being in the manufacturing sector.
If it moves forward, Project Nexus would invest $56 million to "customize and upfit an existing building in either Kings Mountain or Gastonia," county documents state. The remaining $212 million-plus of investment would be in machinery and equipment for the prospective manufacturing facility.
The new jobs would include average annual wages above $52,000, county board records state.
The commissioners' tomorrow will consider the incentives grant and authorization for the county to enter into an economic development agreement with Project Nexus. The exact value of the county incentives is unclear.
"Gaston County developed an economic grant policy to provide global advanced manufacturing companies and distribution facilities with incentives to attract high quality industries and jobs," a draft resolution for the incentives and economic development agreement states."It is anticipated that the Company's capital investment in and at the Property and its operations thereat will generate significant ad valorem tax, sales tax and other revenues to the County and will qualify for a Level Four Incentive Grant."
A timeline for a decision or announcement for Project Nexus is unclear. It is also seemingly separate from a project of the same codename that Gaston County approved for incentives last year.
