Commissioners OK FedEx Ground incentives
GREENSBORO - Guilford County Commissioners approved $952,500 in incentives tonight for FedEx Ground to locate a southeastern United States shipping hub in Kernersville.
The company said that it would settle on a location within two months. Guilford County is in competition with locations in Tennessee and South Carolina for the hub.
Commissioners Steve Arnold and Billy Yow voted against the incentives in a 9-2 vote.
The incentives would be paid over the first three years that the company pays property taxes. Over that time the county would receive a property tax revenue gain of $585,934. The incentives are only paid to the company after meeting certain hiring and investment requirements.
The project, if located in Kernersville, would be the first in Triad Business Park. FedEx said it would expect to add 259 new jobs by 2014, which breaks down into 109 full-time jobs paying an average of $40,584 a year, and 150 part-time jobs paying an average of $14,878 annually.
Though the address for the potential project belongs to Kernersville, the land for the area is in Guilford County.
Get more on this story in Friday's News & Record.
Accompanying Photos
Photo Caption: FedEx construction at Piedmont Triad International Airport.
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