Halifax County commissioners Monday evening voted unanimously to extend the time JBB Packaging in Weldon has to meet its economic development incentive grant agreement.
The reason for the extension is because of the novel coronavirus pandemic the company is unable to meet its job creation and retention commitments within the original timeframes, supporting information in the meeting agenda packet said.
Halifax County Economic Development Director Cathy Scott told the board the company has currently created 27 jobs and is making progress but one of their customers is behind due to the pandemic. “It’s a supply chain issue.”
Under terms of the modification, the documents and County Attorney Glynn Rollins confirmed during the meeting, the deadline for creating 40 jobs is extended to September 30 of next year. The deadline for creating 10 additional jobs is extended to September 30 of 2022.
The unanimous approval extends the term of the agreement to the end of 2026.
Under the modification the company will be required to maintain a certain level of taxable investment and job retention through the term of the agreement and the county is not scheduled to make the first of five incentive grant payments — $330,000 — until January 15 of 2023 with the last payment on January 1 of 2027.
“We won’t be making an incentive grant payment for a couple of years now until they reach that target then we’ll pick up that first incentive grant payment,” Rollins told the board.
Commissioner Patrick Qualls made the motion to move forward with the modification. “I know that this company is trying hard. They’ve brought people to Halifax County, they’ve bought houses. They started with their higher level people I believe and therefore I’m in favor of trying to help them.”
The state announced the project for the former Flambeau building in November of 2018.
JBB Packaging recycles plastics and produces flexible packaging and garment bags.