The Liberty County Development Authority decided Monday to offer benefits its members hope will bring three new projects and up to $77 million in investments into the county.
The projects are still preliminary and were identified only by code names at Monday’s meeting.
Incentives were not discussed publicly.
Project Echo will involve the investment of $63 million in new machinery and equipment, building and infrastructure to assist in keeping 342 existing jobs with an average salary of $65,000.
The authority voted to offer tax breaks and other benefits in hopes of inducing the investment in Liberty County.
Project Valor will bring between $7 and $10 million in building, machinery and equipment for a new company that will assist in the creation of 40-50 jobs within three years. The average wage will be $26 per hour, according to LCDA.
The authority will help the company seek Tier 1 job tax credits for Project Valor as well as help applying for grants and other assistance.
Project Cosign is a local expansion project that involves the investment of approximately $4 million in a new 15,000 square foot building with machinery and equipment.
The new process made possible by this investment will create four to six new production jobs with an average wage of $17.50 per hour and the addition of a process engineer with an annual salary of $65,000 to $70,000.
“We will leave an announcement of the go-ahead on this project to the company,” said Ron Tolley, LCDA executive director