Lincolnton, NC, August 5th, 2019 – Lincoln Economic Development Association’s Existing Business Manager, John Dancoff, presented two requests to the Lincoln County Commissioners on Monday, August 5th, 2019 for incentives based upon the County’s Industrial Incentive Grant Program.
The first one was for Cataler North America, located in the Lincoln County Industrial Park. Cataler is a manufacturer of catalyst used in automotive catalytic converters. Cataler will make an investment of $14,806,881 in new equipment and building expansion. Upon the Commissioner’s approval of the request, 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.
The second was for Delling Precast located in Denver NC. Dellinger Precast produces precast concrete products. Dellinger Precast will make an investment of $3,079,255 in equipment and building expansion. They will be adding a line to produce prestressed concrete bridge beams. Upon commissioner’s approval of the request, 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.
Jeff Chastain, CEO of Eastern Vault & Dellinger Precast stated, “Lincoln County has been a great place for Dellinger Precast over the years and we look forward to growing our partnership with the community in the years to come.”
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.”
Mr. Carrol Mitchem, chairman of the Lincoln County Board of Commissioners added. “Cataler and Dellinger Precast both continue to be great partners with Lincoln County, and we look forward to supporting them as they continue to grow with our county.”
Lincoln Economic Development Association is a private, 501c(3) non-profit corporation charged with facilitating industrial, office and commercial development in Lincolnton and Lincoln County. LEDA’s mission is to foster an economic environment that promotes an enhancement of the standard of living by creating more and better jobs for the citizens of Lincolnton and Lincoln County; an increase and diversified tax base to provide needed community services. The organization’s goals include retention and expansion of existing business; attraction of diversified base industries and improvement of the overall business climate within Lincolnton and Lincoln County.