HANOVER COUNTY, NC – New Hanover County Commissioners and Wilmington City
Council are considering giving money to the bank to help fund the project.
to Scott Satterfield, CEO of Wilmington Business Development, the project will
cost approximately 16 million dollars and will require 120 additional
employees. Satterfield said those
employees would be making an average annual salary of $80 thousand over five
said the city would donate $250 thousand over five years while the county donates $325
thousand over the same period.
White, Chairman of the New Hanover County Commissioners, wants to bring the
business to Wilmington.
"One might ask why
you need county resources. Well they
also have choices and options," said White.
"They can go anywhere in the world to do this business. We want them to stay here and it's important
to us that we convince them to stay here, and expand here and grow here."
The New Hanover Board of
County Commissioners and Wilmington City Council will respectively hold public
hearings about the project on September 16th and 17th.