SANFORD: City Council gives OK for economic development grant
New Jersey-based Fitzpat Inc. received its second incentive, in as many days, to locate within the county during the Sanford City Council meeting Tuesday night.
After a public hearing where economic development, business and political leaders spoke in favor of the incentive, council members voted 6-to-1 to approve an economic development grant of $39,538. The Lee County Board of Commissioners approved a $150,000 zero-interest loan during its meeting Monday.
"We are opening a new division in the food packaging arena," said Andrew Fitzsimmons, president of the thermoforming plastic packaging facility. "I want to make it clear that when we come, we know how to run a business, we know how to run it profitably and we know how to grow."
Crystal Morphis, interim Lee County Economic Development Director, said this was the type of small company Lee County needs because of its ability to grow and its desire to hire locally.
"This type of company supports many other manufacturing suppliers," she said. "This is is the type of company that integrates well."
Lee County Commissioner Jim Womack urged the city council to follow the county's suit to bring the business.
Fitzsimmons said they were considering two other locations within North Carolina — Fuquay-Varina and Mt. Airy.
The new business, which would be located at the Redman Building on Harvey Faulk Road, would create a $4 million investment in machinery and equipment and 50 jobs if they expanded within the county.