As published October 13, 2011 in the Courier-Tribune
by Hugh Martin
TROY - The Troy Board of Commissioners approved a request for an economic incentives package from Don Trexler, president of Coville Inc., at the Oct. 3 regular meeting.
Trexler, who is president of Coville, Alandale Knitting and Carolina Apparel Group, notified the board that Coville had acquired all of the personal property of Alandale Knitting Co. in Troy, which Trexler said had “lost approximately $300,000 in its last fiscal year.”
The company was liquidated and all employees were terminated on Sept. 30, 2010.
In a letter to the board, Trexler wrote that Coville, which is headquartered in Winston-Salem, had also purchased Carolina Apparel of Wadesboro and relocated the specialty knitting equipment from that company to Troy in 2010.
“Coville’s newly formed LLCs in Troy required an investment of $232,000 for the real property and $418,000 for the personal property,” Trexler said. The equipment from Wadesboro required an additional $208,000 investment, for a total cost of $859,000.
“As you can see, Coville and Alandale Knitting are making an investment in Montgomery County. We are proud to have 42 employees at Alandale Knitting today.”
Trexler informed the board that, if incentives are approved, the company would be able to move their corporate headquarters and six employees to Troy. Future expansions would “preserve jobs in Montgomery County.”
The commissioners approved incentives according to the town’s Economic Development Incentive Policy, which gives a percentage reimbursement of a new company’s ad valorem property tax for a designated number of years.
On another matter, the price of gasoline in the Montgomery County area was mentioned and Mayor Roy Maness directed Town Manager Greg Zephir to investigate why local prices were so much higher than adjoining areas.
“It’s very discouraging for the prices to be so much higher here than in neighboring counties,” Maness said.
In other business, Commissioners Chris Watkins, Bruce Hamilton, James Hurley, Angela Elkins and Wallace Jones:
• Approved a request by Randolph Electric Membership Corp. to grant a utility easement for expansion of electrical services across town-owned land in the Denson’s Creek area of Okeewemee Road.
• Heard from Zephir that sludge at the wastewater treatment plant was being treated with rented equipment that will be replaced by purchased equipment upon receipt of USDA funding. Sewer system upgrades, to be funded by a $620,000 Golden Leaf Grant, will begin around mid-December.
• Learned that Pro Pallet South’s expansion is nearly complete, pending receipt of new equipment that was purchased through a Community Development Block Grant.
• Were told Master Gardeners from the Montgomery County Cooperative Extension Service are in the process of developing a community garden at the Troy-Montgomery Senior Center.
• Heard that Zephir is working with the Montgomery County Farmers Market Association to develop more demonstrations, activities and musical performances at the Thursday afternoon markets.
• Heard that preparations are under way for the Small Town USA Celebration on Oct. 22 and another Movies Off Main event on Oct. 29. Movies Off Main are outdoor family movies to bring the community together downtown.
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