An unidentified company is asking for nearly $18 million in incentives to bring 505 jobs and an $860 million venture to Guilford County.
“Project Titan” is requesting $17.94 million in performance-based incentives from the Guilford County Commissioners. The funds would come from the county’s General Fund.
A legal notice posted Friday said the company “is considering a new project at the Rock Creek area, in addition to other options within the United States.”
The likely location is Rock Creek Center, an industrial park in Whitsett that recently landed a major Lenovo expansion.
Project Titan would have until Dec. 31, 2033, to create the 505 jobs.
The commissioners have set a public hearing for 4 p.m. Oct. 22 at the Old County Courthouse, 301 W. Market St. in downtown Greensboro.
According to the notice, the company is requesting state and other local incentives before deciding where to move.
“The local approval of incentives does not commit the company to locate in North Carolina,” according to the notice.
Project Titan comes on the heels of Guilford landing a major expansion of Lenovo Global Technology U.S. Inc., which is expanding its operations in Whitsett with a pledge to create 420 jobs and make $77 million capital investment.
Lenovo plans to begin production in a 520,583-square-foot facility at 6550 Judge Adams Road in Rock Creek Industrial Park.
The 420 new full-time jobs would nearly double Lenovo’s current workforce of about 500 at 6540 Franz Warner Parkway, which opened in 2007. Lenovo’s overall workforce in North Carolina would expand to more than 3,400.
Other companies with a major presence within the industrial park are Amazon, Ametek Technical & Industrial Products, Berkshire Corp., Carolina Biological Supply Co., Focke & Co. Inc., Medi USA, Machine Specialties Inc., Paperworks, Qualicaps, Red Oak Brewery and Zink Holding Group.
rcraver@wsjournal.com
336-727-7376
@rcraverWSJ
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