Page 95 - City of Greensboro Data Book

Greensboro Economic Development Incentives, 2006 to 2017

Total Award Total Actual Actual
Project Name
Paid Investment New Jobs
Carolina Precision Plastics LLC $105,000.00 $5,554,546 105
Charles Aris Inc. $12,500.00 $4,567,680 46
Coilplus $160,453.00 $14,193,830 22
ConvaTec $236,119.00 $19,687,820 25
Honda Aircraft Company $600,000.00 $100,100,000 421
Honda Aircraft - Expansion $507,000.00 $151,628,622 898
Kay Chemical Company $120,000.00 $11,950,000 70
LabCorp $373,000.00 $3,444,519 385
Market America Inc. $30,000.00 $700,000 53
Procter & Gamble $231,000.00 $19,000,000 70
Procter & Gamble - Project Frontier Expansion $640,666.66 $158,319,171 292
R F Micro Devices $846,000.00 $112,757,671 431
R F Micro Devices $314,000.00 $49,647,216 601
R F Micro Devices $196,666.00 $54,997,560 305
Sherwin Williams Company $12,980.00 $1,850,000 37
Stockhausen, Inc. $198,000.00 $15,760,919 44
Syngenta Crop Protection Inc. $349,999.67 $3,200,000 742
Ziehl-Abegg Inc. $3,000.00 - 3
TOTAL $4,936,384.33 $727,359,554 4,550
Source: City of Greensboro, Economic Development and Business Support

Key Findings

• Greensboro’s tax rate has remained stable since FY 2011.
• Since 2000, the largest increase in City spending was for Maintenance and Operations.
• Since 2000, the largest increase in City revenue was from User fees/Charges/Licenses.
• Municipal debt per capita is at its lowest since 2000.
• Contact Center usage has steadily risen, with more contacts coming from internet-based communications.
• Library circulation numbers have seen a steady increase since 2000.
• Since 2000, most affordable housing assisted with City funds has been built or rehabbed on the east side of
Greensboro.
• Parks and Recreation facilities and programs have seen a steady increase in usage.
• A third of Parks and Recreation facilities and programs use is at recreation centers.
• GTA annual ridership has more than doubled since 2000, with more than four million riders in 2016, but
ridership has declined in recent years.
• Every $1 of City Economic Development incentive leveraged $147 of private investment.

DRAFT 91 FEBRUARY 23, 2018