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The companies are not being named because they have yet to formally accept the funding. The projects represent a combined total investment by both companies of $10.7 million.
One company has been offered $100,000, and its proposal represents the lion’s share of the investment — A $10.5 million project that would lead to 146 new jobs and 182 retained jobs with average salaries of $90,000.
The other company has been offered $50,000 as incentive for its project, a $200,000 investment leading to 75 new jobs and 60 retained with average salaries at $100,000, Henry said.
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“For both of these projects, they would be considerable investments,” Henry said. “These projects would definitely secure their foothold in the community.”
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This is the second and final round of EDIP funding for this year. Because of interest in the program, GCCIC is adding a third round of funding for next year.
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