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Davidson panel approves incentives to attract plant
Laser Print Plus, now based in S.C., looking at sites in Thomasville
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Published: June 10, 2009
LEXINGTON - Davidson County commissioners approved last night up to $33,500 in economic incentives to a laser printing company that wants to start operating in the county.
The company, previously only known as Project Powder, is Laser Print Plus, said Steve Googe, the executive director of the Davidson County Economic Development Commission. Laser Print Plus is now based in Columbia, S.C. According to its Web site, the company prints a number of documents, including invoices, statements and technical manuals.
Googe has said that the company wants to expand in North Carolina and is looking at several sites in Thomasville. Laser Print Plus plans to invest $2.5 million in the county and create about 20 jobs, Googe said.
Commissioners held a public hearing before voting. Thomasville resident Barney Hill was the only speaker.
"Project Powder," he said. "That could be anything from a cosmetic to an explosive."
But he said that he supported the incentive package.
"It is a token, and a meager token at that, but I endorse it as better than nothing," he said.
If the company makes the investment and provides the jobs, the county would provide $33,500 over five years.
The city of Thomasville is also considering up to $35,000 in incentives for Laser Print Plus.
The Thomasville City Council will hold a public hearing on the package Monday, Council Member Scott Styers said.
In other business, commissioners approved a $119 million budget.
Under the budget, the property-tax rate would remain at 54 cents for every $100 of assessed value. A property owner with a $100,000 home would pay $540 in county taxes. If that property owner lives in the city of Lexington, he would pay an additional $560 in city taxes. The city property-tax rate is 56 cents for every $100 of assessed value.
The budget includes $35.8 million for the county's three public school systems -- Davidson County Schools, Lexington City Schools and Thomasville City Schools -- and Davidson County Community College.
■ Michael Hewlett can be reached at 727-7326 or at mhewlett@wsjournal.com.
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