Satellite dish-maker wins tax incentives
Published: Tue, Jul. 11, 2006 12:00AM
Modified Tue, Jul. 11, 2006 02:33AM
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closeSMITHFIELD -- Johnston County and the town of Smithfield voted Monday to grant satellite dish-maker Andrew Corp. nearly half a million dollars in economic incentives over the next five years.
The county and town negotiated to keep the company in Smithfield. Andrew had planned to relocate to Goldsboro, a move that would have netted $3.9 million in state and local tax breaks.
The package approved Monday by the town and county boards will help cover the costs of a planned expansion that will add $10 million to the county and town tax bases and more than 200 jobs, according to county economic development director Michael de Sherbinin.
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Johnston County will refund $263,446 in tax receipts over five years, and Smithfield will refund $192,518 under the plan.
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