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plus benefits and county officials said those relatively high wages more than double the average for all workers in the county were a significant factor in the county's commitment.
The county usually computes the amount of incentives offered using a formula tied to the expected return to the county.
"It's been a great asset to Buncombe County. To get this piece basically anchors them right here," he said.
"We probably expanded the formula just a little bit, but when you get over $74,000 in salary and over 150 jobs, you want to get those jobs in Buncombe County," Assistant County Manager Jon Creighton said.
work at the plant today. Plans Adidas Sl Loop Good For Running to add workers were announced Adidas Sl Loop White
Incentives would be tied to the number of jobs created over five years under an agreement before commissioners. Payments would be smaller if fewer jobs are created.
Incentive payments are made only after the county verifies that the recipient did indeed create the jobs expected and make investments promised, Creighton said. The BorgWarner deal says payments would be made over five years.
County may give BorgWarner
The plant opened in 1980 under different ownership, and it has grown significantly over the years, Commissioner David King said. The coming expansion improves the odds that BorgWarner will stay in the county, he said. More than 650 full time people Adidas Originals Sl Loop Runner Uk
That would result in $2.3 million in additional property taxes on the equipment alone paid to the county over seven years, Creighton said.
Criticism of incentives deals the county has struck to lure other industrial expansion was a factor in King's loss in Tuesday's District 3 Republican Party primary for commissioner.
The amount of incentives the company would get would be tied to the number of jobs actually created over a five year period under the agreement commissioners are to consider Tuesday.
The agreement commissioners are scheduled to consider Tuesday calls for BorgWarner to spend $55 million on equipment for its Avery's Creek plant.
He said Friday that critics will call the BorgWarner payments "corporate welfare," but the county has little choice but to offer incentives like the proposed $1.9 million.
The total addition to county coffers will be much larger, he said. When a company expands its payroll, "It just kind of ripples through the economy," Creighton said.
The county agreed to pay $8.5 million over 13 years to lure New Belgium Brewing to Asheville. The city and county together will pay $4 million in cash incentives for GE Aviation's expansion in South Asheville, plus land acquisition costs.
"These companies are going to go wherever they get the best deal and we have to be competitive to get them here or keep them here," said King, who also serves on the board of the Economic Development Coalition for Asheville Buncombe County.
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