Lincoln County Commissioners approved two requests at their Monday (Aug. 5th) meeting for tax incentive grants for local industires looking to expand. Lincoln Economic Development Association’s Existing Business Manager, John Dancoff, presented the two requests and both were given unanimous approval.
Cataler North America, located in the Lincoln County Industrial Park, a manufacturer of catalysts used in automotive catalytic converters, will make an investment of $14,806,881 in new equipment and building expansion. The County will provide $49,774 per year in grants for a five-year period after the completion of the project. The grant total is calculated to be $248,870.
As a part of the agreement, Cataler will provide at least 3 new jobs .
The second grant was for Dellinger Precast in Denver, a producer of precast concrete products. Dellinger Precast will make an investment of $3,079,255 in equipment and building expansion. The County will provide $10,186 per year in grants for a five-year period after the competition of the project. The grant total is calculated to be $50,930.
Joe Lampron, board chair of Lincoln Economic Development Association offered his congratulations, “Cataler and Dellinger Precast have both been a great asset to Lincoln County. LEDA is grateful they have decided to continue their success in Lincoln County and we are looking forward to working with them as they continue to grow.”
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