2 Greene County companies planning $10.7M in projects offered development grants

Two Greene County companies that say they plan to add jobs have been offered $150,000 in grant funds by the  Greene County Community Improvement Corporation, the county’s economic development nonprofit.

Their companies’ expansion projects were selected out of five that applied for funding through the Economic Development Incentive Program, said Eric Henry, program manager and the county’s economic development coordinator.

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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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