Tax breaks approved for expanding Statesville business

WSIC file photo

A presently unnamed company has been approved for additional economic development incentives from the City of Statesville.

      1. 2017-05-05EconomicDevelopment

According to e-mails from spokeswoman Nancy Davis, the existing business can now receive another two years of tax breaks beyond five years already approved.

This comes following a vote by the City Council and will discount the property tax rate by 80 percent during the seven year deal.

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