Economic Development Incentives (Project Challa & Project Palmetto)
Gaston County
Summary
Two existing Gaston County companies received Level One incentive grants to keep expansions here rather than moving. Challa brings $2.5 million and 16 jobs at ~$105,000; Palmetto brings $6 million but provided no job or wage figures. The grants work through property tax rebates, not upfront spending.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 2 meetings in the last 60 days; most recently Oct 27, 2026.
Impact analysis
No upfront county spending — incentives are delivered as rebates on the companies' own property tax bills.
The two expanding companies and the local workers who may fill the new jobs.
None identified.
Mentions & discussions (4)
Board of Commissioners — October 27, 2026
Two existing Gaston County companies received Level One incentive grants to keep expansions here rather than moving. Challa brings $2.5 million and 16 jobs at ~$105,000; Palmetto brings $6 million but provided no job or wage figures. The grants work through property tax rebates, not upfront spending.
Board of Commissioners — September 22, 2026
The county approved a 10-year tax reimbursement grant to attract Project LEGACY, a major corporate investment promising $75 million in capital investment and 150 high-wage jobs.
Business to bring 175 new jobs to Bessemer City
Business to bring 175 new jobs to Bessemer City Gaston Gazette
Former textile mill gets new life in Gaston County town
Former textile mill gets new life in Gaston County town Business North Carolina
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