A local company plans to grow and hire more employees.
Molded Fiber Glass plans an additional 15,000 to 20,000 square feet of space and to add new machines and equipment. With the added space and equipment, the company plans to hire 20 new employees within three years, according to information from Burke County.
The company currently has 183 workers at its Reep Drive facility in Morganton.
The expansion is expected to increase taxable investment of $8 million, according to the county.
Burke County commissioners could decide at its regular December meeting on whether to approve an economic development incentive for the company based on its expansion plans.
The item is on the commissioners’ pre-agenda meeting, at which time the board will decide whether to keep it on its agenda for its Dec. 20 regular meeting. If it stays on the agenda for the regular meeting, the board will hold a public hearing on the item before making a decision.
Burke Development Inc. is recommending an economic incentive of 50 percent of new taxable investment over a three-year period, according to information from the county. That would work out to around $27,200 a year, starting with the 2018-19 fiscal year county budget, according to the information.
The commissioners’ pre-agenda meeting will start at 3 p.m. on Dec. 5 in the county board room of the Burke County Services Building, located at 110 N. Green St., Entrance E, Morganton.