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Cary Council approves contract to bring 350 high-paying jobs

Posted January 24, 2012

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— Cary town leaders voted 6-1 Tuesday evening in favor of a development incentives contract aimed at bringing hundreds of high-paying jobs to the area over the next four years.

The contract, according to an item on the Town Council meeting agenda, will set aside $50,000 in grant money to convince an unidentified company to call Cary home.

Town leaders say it would create 350 jobs, with an average salary of $91,600, by 2016.

"The town believes this project will help stimulate the local economy, result in new capital investment in real and personal property in the town and create a substantial number of new, permanent jobs in the town," according to the agenda.

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  • ThePunisher Jan 25, 2012

    "Incentives" are also known as corporate welfare. I thought the lefties hated corporate welfare.

  • imtiredofit Jan 24, 2012

    350 jobs at a average salary of $91,600? I'll believe it when I see it. I also know of some swamp land in Florida for sale if Cary is interested.

  • Good Bye WRAL Jan 24, 2012

    $50k for even 50 jobs @ $30k/yr is a bargain. Go for it.

  • SailbadTheSinner Jan 24, 2012

    “Town leaders say it would create 350 jobs, with an average salary of $91,600, by 2016.”

    Extremely unlikely ….

    Do the math ….

    STS

  • beaupeep Jan 24, 2012

    Cary Bashers! Roll Call!