102018Sep

PRESS RELEASE – Lotus Bakeries

FOR IMMEDIATE RELEASE
9/10/18
Alamance County Government
Contact: Andrea Rollins, Project Analyst
(336) 570-4041

PRESS RELEASE

The Alamance County Board of Commissioners will hold a Public Hearing on Monday, September 17, 2018 at 7:00 p.m. in the Commissioners’ Meeting Room, 2nd floor of the County Office Building, 124 W. Elm St., Graham, NC. The purpose of the meeting will be to receive comments on a proposal to extend economic development incentives to Lotus Bakeries, a company with plans to expand its new taxable investment in Alamance County from $55,300,000 to $72,700,000 in building and equipment. The company plans to create approximately 60 full-time jobs at an average annual salary of $35,931 with no temporary workers. The increase in the proposed incentive offer is $262,000 to be paid over five (5) years.

This 10th day of September 2018.
Andrea Rollins, Project Analyst