At their regular meeting yesterday, Feb. 25, the Fayetteville City Council held a public hearing to receive public comment on proposed economic incentives for Project Crossfit, who is considering Fayetteville and Cumberland County for its headquarters, manufacturing plant and distribution center for its air dome structures.
Project Crossfit requested an incentive grant from both the City of Fayetteville and Cumberland County. Paid in annual installments over five years, the company would receive a total of $63,948 from the City and $88,170 from the County.
Project Crossfit would create 72 jobs in Fayetteville. The average salary for these jobs is projected at $47,734, exceeding the Cumberland County average. This project would inject more than $3.4 million in annual payroll into our community. Capital investment in phase one is expected to be $4.1 million.
The company is considering a 14+ acre site for its operations, located near the Fayetteville Regional Airport off Aviation Parkway. Three acres are currently in the City, the remaining 11 acres would be voluntarily annexed into the City of Fayetteville. The project would utilize this site to manufacture their domes and then subsequently distribute the finished product to the end user globally.
The project is also assessing other sites in Minnesota and Georgia.
If successfully secured, the City of Fayetteville and Cumberland County would benefit from the tax revenue generated by the facility, economic activity stimulated by its investment and wages paid to the employees. Project Crossfit is expected to generate an estimated $229,192 in City tax revenue over a 10 year period. Net revenue, after cash incentives are paid, is expected to exceed $165,244.
Following the public hearing the council approved the five-year economic incentive grant. This incentive aims to reaffirm the city’s commitment to Project Crossfit and demonstrate that the community is the right location for this project.
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