The nine-year joint board incentive package is based on investment and job creation, with the company meeting certain benchmarks through 2021, according to Ashe County Manager Pat Mitchell.
Local incentives would be paid between 2014 and 2020, while all of the company's investment and job creation would occur by the end of 2017.
"Basically, we will receive more taxes from the company than what we give them in incentives over the course of the agreement," Mitchell
"We have been working with GE Aviation
for nearly six months.
We have found them to be very positive about our community and the local workforce, along with being appreciative of the county and town's efforts to move this project forward."
is the type of company Ashe County
is interested in growing locally because of the strength of their market, the salaries and benefits offered to employees, and the company's role as "good corporate citizens in the community."