Local

NASCAR team wins incentives for local project

Rick Hendrick owns Hendrick Motorsports

CONCORD, N.C. — Hendrick Motorsports has won incentives for its latest advanced manufacturing project in Concord.

Concord City Council last week approved a grant for HSREI LLC, which is managed by Hendrick Motorsports. The incentives are to aid a $35 million investment for the development of a 260,000-square-foot advanced manufacturing facility adjacent to the Hendrick Motorsports campus.

The facility will be developed on a 27-acre site at 4295 Defender Way NW in Concord, city documents show.

The one-year incentives grant for the project has an estimated value of $124,950.

Read more on CBJ’s website here.

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