$71 million facility will be off Anthony Road in Burlington
Alamance County’s administrators have released the details of corporate “incentives” request that a company which sterilizes medical equipment is slated to bring before the county’s board of commissioners on Monday.
Last week, a representative from the local chamber of commerce informed the commissioners that a California-based firm called SteriTek had submitted this request in order to offset the cost of a new East Coast facility that it proposes to set up in Burlington.
Brian Baker, Alamance County’s interim assistant county manager, has gone on to share more of this project’s particulars in keeping with a county governing policy that requires the disclosure of certain details ahead of a public hearing on economic development incentives.
On Wednesday, Baker told The Alamance News that SteriTek plans to invest at least $71 million into this new facility, which it intends to construct off of Anthony Road in Burlington.
He added that the plant is eventually supposed to employ at least 50 people, whose average anticipated salary of $56,800 exceeds the average wage for Alamance County.
Baker said that SteriTek expects to finish this facility by 2024 and to have the plant fully staffed two years later. He added that, to ensure the company follows through with its plans, the county’s administrators have proposed an incentives package worth $1,775,000 over five years – or 2.5 percent of the facility’s anticipated tax value upon completion. Baker said that the county’s incentives payments would begin upon the plant’s completion in 2024 – if the commissioners approve the request after the hearing on Monday.