As we’ve often said before, nobody likes incentives.
But in today’s business climate, they’re often unavoidable. So, cheers to Davie County for making a decent deal on an incentives package for Avgol to expand its Mocksville facility.
Last week, Davie County commissioners unanimously approved an incentives package of almost $800,000 for Avgol, a company based in Israel that makes lightweight, nonwoven fabrics at the Mocksville plant and at plants in Russia, China and Israel. Avgol will spend $8 million to add 100,000 square feet to its plant off South Main Street near Davie County High School and put $32 million into new equipment. That expansion will bring 50 new jobs — in addition to the plant’s current 220 jobs that pay an average salary of $30,000 with benefits — and increase the county’s tax base by at least $36 million, Journal West’s Lisa O’Donnell reported.
The average annual salary for the new jobs will be $35,000 with benefits, according to Terry Bralley, the president of the Davie County Economic Development Commission. He said that some white-collar jobs will be created, as well, with professionals from the company’s headquarters in Tel Aviv expected to move to Mocksville.
These new residents will be welcome additions to the continuing Davie comeback.
The town of Mocksville on Monday passed its own incentives package of about $338,000 for Avgol.
The overseas Avgol plants were also in the running for the expansion, with the company ultimately choosing the Mocksville plant.
“We’re in competition with the world,” Bralley said.
Indeed. Davie and Mocksville officials were wise to pony up to land this expansion. We trust they insisted on strong claw-back provisions if Avgol should suffer a downturn in production at this plant that makes nonwoven fabrics used in baby diapers and feminine hygiene and adult incontinence products.
But from all appearances, this expansion should be a fine addition to the county’s other wins. As O’Donnell noted recently, “The county has scored several big economic development successes, most notably the opening of an Ashley Furniture plant and the imminent opening of a Gildan plant in Mocksville that will create 290 jobs. Davie Medical Center is also scheduled to open a 50-bed unit for patients by 2017.”
Davie and Mocksville continue to secure a strong economic future.
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