WILMINGTON, N.C. (WECT) – The Wilmington City Council voted unanimously Tuesday night to approve $2 million in incentives for Corning Inc. to expand its operations in the city, following suit with New Hanover County.
The council’s incentive package will provide annual payments of $400,000 a year for five years. In exchange, Corning would invest $585 million and create 414 new jobs.
The vote comes one day after New Hanover County commissioners voted to offer their own incentive package during a meeting Monday, putting up to $600,000 a year for five years from the county’s general fund, which is made up of taxpayer dollars…