Economic Development News
Last updated 12/22/2020 at 9:55am
As reported in The Transylvania Times, county commissioners recently voted to award an incentive package worth nearly a half a million dollars to Raybow USA.
It should be noted that a publicly traded Chinese company, worth over 4 billion dollars according to the their latest stock price, owns Raybow USA. The approved package provides tax incentives if and when the company meets certain expansion targets.
We are told that 74 new jobs will be created with an average wage of over $75,000 per year. With average wages that high we can assume these jobs will not be filled by local residents....