Jun 20, 2008

Tax Incentives Depend On Jobs Furniture Company Will Bring

Posted by : tootoo
 Kitchen Furniture Catawba County tax incentives would go into effect if the companyfulfills a second expansion phase with construction of a new $12.5million building in the Fairgrove Business Park. The county's firstaward would be $217,345. The second award of $173,875 would begiven if Williams-Sonoma constructs the third phase, a $10 millionbuilding also in the business park. Williams-Sonoma, a retailer with annual revenues of more than $4billion in 600 retail stores, employs more than 38,000 people. Thecompany markets for the kitchen, bath, bedroom, and living roomthrough brands such as Pottery Barn, Williams-Sonoma Home and WestElm. Sutter Street is planning to hire 116 employees this year, 147 in2009, 152 in 2010 and 405 in 2011. The company chose Catawba Countyfor the expansion over Memphis and Pulaski, Va., among other SutterStreet locations. Hickory is considering an incentive of free land in FairgroveBusiness Park, a 75 percent grant for equipment and 65 percent forbuilding construction for five years.
 
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