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Lincoln Courts New Manufacturer

February 20, 2004

Lincoln County economic development officials say they are close to bringing in a manufacturer that could invest $9.5 million and bring 75 jobs to the county. Barry Matherly, director of the Lincoln Economic Development Association, said the deal is contingent upon several factors, including incentives that still need county approval. The company signed a tentative agreement on Monday, said Matherly, who would not name the company, nor comment on what it makes. At the March 1 Lincoln County Board of Commissioners meeting, Matherly will ask commissioners to approve the incentive grants for the unnamed company. The amount of the incentive grants is still being worked out, he said. If the company comes to Lincoln, it would build a 60,000 square foot plant with room for a 30,000 square foot expansion in the Lincoln County Industrial Park, Matherly said. Grading has already begun on the industrial park site, where plans were already in place to put up a spec building in hopes of attracting a tenant. Matherly said economic activity has picked up in the county. He said he anticipates two other industrial announcements in the near future.