As required by North Carolina General Statutes, on Monday, May 6, Guilford County gave notice that the Guilford County Board of Commissioners will hold a public hearing at 5:30 p.m. on Thursday, May 16 to consider granting incentives from the county of over a half million dollars for a company that intends to locate at 238 Ritters Lake Lane In Greensboro.

The project will mean a $30 million investment in a new facility and the creation of 40 new jobs.

In the past, the Guilford County Board of Commissioners has given out the names of companies when the county sets a public hearing for incentives. This time, however, the state of North Carolina – which will also be giving the company incentives – has asked Guilford County not to reveal the name of the company.  In fact, one commissioner told the Rhino Times that even the commissioners hadn’t been given the name of the company.

Right now, it is simply referred to as Project Aggie.

What is known is that, on May 16, the hearing will be held to receive public input on the proposal for the county to offer an Economic Development Incentive Grant for the following: “Project Aggie, in the amount of Five Hundred Eighty-Two Thousand Five Hundred One Dollars ($582,501). The company is considering a location at 238 Ritters Lake Road in Greensboro in addition to other options within the United States for a projected investment of Thirty Million Dollars ($30,000,000) in a new facility and the creation of forty (40) new jobs by December 31, 2028.”

The location is just south of I-85, near South Elm-Eugene Street.

Whenever a project like this makes it onto the Board of Commissioners’ agenda that means that the company really already plans to come to Guilford County and it also means that the county commissioners have the votes to approve the incentives.  Legally, the incentives have to be an enticement rather than a flat-out gift, so companies seeking incentives must pretend they’re looking at other alternatives until the county, the city and the state grant them the incentives.

The public hearing will be held in the Commissioners’ Meeting Room on the Second Floor of the Old Guilford County Court House at 301 W. Market St. in downtown Greensboro, North Carolina.

The amount of the incentives is determined by Guilford County’s Economic Development Investment Guidelines.

The approval of incentives doesn’t commit the company to locate in Guilford County, and the cash grants are contingent upon the company meeting certain goals –  such as the amount invested and the number of jobs created.