GREENSBORO
The Greensboro City Council will hold a public hearing on May 4 to consider a financial-incentives offer for American Express, which wants to build a $400 million data center that would employ up to 150 people.
If approved, the package -- reported to be worth between $5 million and $7 million -- would be the largest in the city's history. City officials declined to release any details about the company or an incentives package until the day of the public hearing.
An official familiar with Greensboro's proposed package has put the offer at between $5 million and $7 million. It is believed that the money would go toward water, sewer and road improvements.
Guilford County commissioners learned about the project last week and have scheduled a hearing for May 6 to consider a $6 million incentives offer. That, too, would be the largest such package in the county's history.
Assistant City Manager Denise Turner said that the largest recorded incentive package authorized by the council went to chip-maker RF Micro Devices in 1999, at $2.5 million. Between 1996 and 2007, the council gave the company $5.9 million in incentives. The county's largest incentive award -- $2 million -- also went to RF Micro in 1999.
The American Express project would involve two buildings on two sites in eastern Guilford County. If American Express selects Guilford for its data center, the company could break ground this summer.
Eventually, local officials say, the company's investment could surpass $1 billion.
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