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Amarillo Economic Development Corp. Wants To Invest In N.C Company

Photo: Amarillo Economic Development Corporation

Amarillo economic developers will be proposing to the city council next month incentives to attract 40-million dollars in investment.

The AEDC wants to pay a North Carolina company to build a factory and hire 160 workers.

The Manteenbar Company says it makes rebar from fiberglass and plastic instead of steel to reinforce cement and concrete.

AEDC says the deal would involve property tax deferrals and payments of 10-thousand dollars per job to the Company.

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