HENDERSON — City and county officials have approved a business-incentives package that could provide MR Williams Inc. a combined $228,277 over five years if the company goes through with a plan to expand its frozen-foods operation.
Vance County Manager Jordan McMillen and Henderson Mayor Eddie Ellington confirmed that the deal passed muster this month with the County Commissioners and the City Council, respectively.
The county has pledged up to $126,821 and the city up to $101,456, payable if the company, a wholesaler serving more than 1,000 convenience stores across the state and the central East Coast, hits the investment and hiring targets officials expect.
County officials conditioned their pledge on MR Williams creating an additional 25 jobs, but the city’s agreement with the firm specifies that it has to add 41 to get the full $101,456 from that source.
MR Williams told city officials that it expects to add 11 jobs in the first 18 months, 15 in the following year, and 15 more in the year after that.
The governments are expecting MR Williams to invest at least $4 million into its Raleigh Road facility.
The company employs 206 people in Henderson and 265 people overall, and has about 200,000 square feet of warehouse space for dry goods and about 17,000 square feet of cold storage, the city incentive agreement said.
Seeing “expanding sales opportunities with frozen foods,” MR Williams is looking to add another 20,000 square feet of freezer space.
Expanding in Henderson wasn’t the only option on the table, as the company also considered acquiring a new facility or expanding existing satellite operations in Virginia and South Carolina, the city agreement said.
Incentive packages give companies receiving them money that offsets part or all of their ordinarily tax burden. The deal between the city and MR Williams specifies that the intent is to cushion the firm from the additional real-estate and business personal property levies it would otherwise face over the next five years.
Contact Ray Gronberg at email@example.com or by phone at 252-436-2850.