On Monday, May 16, the High Point City Council will evaluate two requests for performance-based economic incentives packages.
One is for $414,863 for an Ecolab project in the High Point North Industrial Center at 2519 Sandy Ridge Rd. and another is for $75,000 for Metal Works of High Point to upfit a building at 1245 Hickory Chapel Road.
Whenever incentives proposals make it to the point where they’re on the agenda for a High Point City Council meeting, they’re almost always sure to be approved.
Ecolab produces cleaning and infection prevention products for the health field as well as other industries.
That proposed project will result in the construction of an 825,000-square-foot facility and is expected to produce 20 new jobs for the High Point area.
Ecolab plans to invest $27.8 million into the project, which would be the first to come to the High Point North Industrial Center – an industrial park consisting of more than 550 acres.
High Point City staff is also asking the City Council to consider a $75,000 incentives request from Metal Works of High Point. That company makes metal components and other products used in, among others, the furniture and transportation industries.
The company’s expansion project will allow new capabilities in the form of in-house powder coating and assembly. Metal Works plans to add 38,000 square feet and about 20 new jobs with the project. Those jobs will pay above Guilford County’s average wage.
The money for the incentives packages, if approved, will come from the High Point Economic Development Incentive Fund, which is funded in part by money from the electric services provided by the city.
Wouldn’t a reduction in property taxes for EVERYONE accomplish the same thing?