In Guilford County economic development news, an unorthodox arrangement has apparently been agreed to by the cities of High Point & Greensboro. Various media outlets are reporting that The Fresh Market is nearing the end of its lease in an office building in the Friendly Center area and according to the company embarked on an extensive search for a new HQ site that included considerations of some Guilford County sites as well as other cities some of whom have made substantial offers to entice the company to move. The TBJ is reporting that Rock Hill SC is rumored to be in the running. It seems initially that High Point came on board due to the fact that the company was looking at sites in their city. As the process has moved along apparently, Fresh Market has selected a building in DT GSO as their first choice for a Guilford County site and High Point has apparently decided to go ahead and give $301,000 over 5 years to retain Fresh Market as a HQ operation in Guilford County.

The main points of the agreement is that the company will retain the current level of 248 jobs for 10 years with the creation of 53 additional jobs that have to be maintained for the length of this incentive which ends December 31, 2024 at an average annual salary of $86,000 along with an investment of nearly $2 million in equipment & upfit of the HQ building.
Greensboro is giving another $301, 000 as their contribution. Additionally, The county board of commissioners is contributing $2000 per new job created and nothing for the existing jobs per the TBJ. If the incentives come through it looks like the company will stay since they themselves indicated that the disruption of moving the existing employees elsewhere would be mitigated by the package. That is some mind blowing cooperation on High Point's part since Fresh Market has no physical presence in the city including a store. The elected leaders and economic people are touting this as an unprecedented show of cooperation between the two cities that have never seen eye to eye. The combining of the economic development operations of both cities in 2014 was cited as a major reason for this new found cooperative spirit.
I wonder how long High Point has to hold its breath for a similar reciprocity???
