First Posted: 5/28/2009
Mount Airy leaders went behind closed doors Thursday to discuss a possible new industry here, but afterward it was revealed the municipality was unable to match terms sought by the unnamed company.
Officials had announced during a city board of commissioners budget workshop held earlier Thursday that a closed session would be required at the end of the workshop so an economic-development matter could be addressed. The closed session was a last-minute agenda addition, according to Mayor Jack Loftis.
We need to talk about a possible industry that has requested an answer from us by tomorrow, City Manager Don Brookshire explained.
However, in the wake of that discussion it was learned that no deal with the industrial prospect appears imminent.
It was to discuss a possible incentive for a company, the mayor said afterward. What they were asking for, we declined. Loftis said he couldnt elaborate on what the company sought, but added, We couldnt legally give them what they wanted.
The nature of the industry involved and the number of jobs it proposed to create were not disclosed.
Local officials have said they can be hampered in negotiations with prospective manufacturers due to North Carolina offering a lower level of incentives in comparison with neighboring states such as Virginia.
The mayor indicated that such limitations played a role in the issue discussed Thursday.
Contact Tom Joyce at [email protected] or at 719-1924.