Thomasville to consider grant tonight
Thomasville City Council will consider another federal grant designed to spur job growth and investment.
Council members at 7 p.m. today. The Council is expected to accept a $500,000 Community Development Block Grant on behalf of Mill-Chem Manufacturing, a High Point-based company, which plans to add more than two dozen jobs to a facility on Albertson Road.
"I just got the information in [Nov. 8] ," City Manager Kelly Craver said. "The paperwork is coming to fruition as we speak. We will be moving forward with it."
Council on Sept. 9 held a pair of public hearings relating to grants for Mil-Chem and SV Plastics, LLC. Council accepted the federal funds for SV Plastics last month. SV Plastics plans to renovate a facility at 15 and 25 High Tech Blvd.
Mill-Chem is moving into a 20-acre property at 416 Albertson Road and plans to create 25 jobs and invest approximately $2.3 million.
"The CDBGs are for a building reuse," said Craver. "The city will enter into a loan agreement with Mill-Chem to reuse the building on Albertson Road."
CDBGs are zero-interest loans administered by the city. The company must meet certain investment and job creation requirements to avoid having to pay the funds back.
"We are the administers of the grant," Councilman Neal Grimes said. "The money has finally become available through the state and we're glad to accept it. We're excited about [Mil-Chem] coming in and spending money. Both of these companies are able to take an existing building, do some renovation and bring in new equipment based on their promise to spend money and to have a certain amount of employment above the county average wage."
Formerly known as Project HEM, Mil-Chem is a chemical manufacturer based on Hickory Chapel Road in High Point. Craver said the company creates cleaning products often sold at large retailers, including Lowes, Home Depot and WalMart.
"It's very much a win-win," said Grimes. "It's an opportunity to put a vacant building to good use and create jobs for our citizens."
Davidson County Commissioners earlier this year also approved incentives for both SV Plastics and Mil-Chem. CDB grants are federal funds issued to the N.C Department of Commerce, which then awards it to the municipality.
Staff Writer Eliot Duke can be reached at 888-3578, or email@example.com.