Montgomery County Commissioners have passed a resolution in support of an expansion at the Grede Foundry in Biscoe. The action came at Tuesday night’s meeting of commissioners, where the board also approved $10,000 in financial incentives for the project to help bolster Grede’s application for a $200,000 Building Reuse Grant from the North Carolina Department of Commerce.
Information supplied by the county says Grede “will be renovating and expanding their facilities in Biscoe on Wright Road with an investment of $4,379,000 and adding 20 new jobs above the average County wage for manufacturing workers, and paying at least 75% of the employee health benefits.”
Grede Human Resources Director Chuck Wolffis told County Commissioners the expansion will bring multiple operations into a single facility and also help in the company’s plan to refocus part of its work.
Wolffis said, “We’re also looking at (reclassifying) the foundry from a foundry operation to recycling, because we do take scrap metal and recreate it into usable ductile iron castings that go on heavy truck industry, many of which move to factories and plants within the state of North Carolina.”
Montgomery County Manager Matthew Woodard recommended that Commissioners approve the resolution and incentive, calling it a “win-win” situation.