Chip Ganassi Racing with Felix Sabates, which fields three NASCAR Winston Cup [#’s 40, 41, 42] teams out of Mooresville, N.C., received an economic incentive grant Tuesday to expand in town at an abandoned factory. Iredell County commissioners awarded the group $47,000 to $122,200 over three years for a $2.5 million investment in the county. The grant would help the race group buy and retrofit the former Matshushita Compressor Corp. of America building. The move would allow Chip Ganassi Racing to add another race team and create 65 to 75 jobs.( Charlotte Observer )(4-3-2003)
