The New Wood Brothers Racing Shop to open:

A new racing company expected to open Jan. 25 in Harrisburg, NC could help the town become a destination for auto racing enthusiasts. Wood Brothers Racing/JTG Racing Inc. will bring a NASCAR Nextel Cup Series team [#21-Ken Schrader], two NASCAR Busch Series teams [#47-Jon Wood and #59-Stacy Compton] and two NASCAR Craftsman Truck Series teams. A second Nextel Cup team will arrive in 2007. The teams’ drivers are Ken Schrader, Stacy Compton, Jon Wood, Bobby East [CTS #21] and Marcos Ambrose [CTS #20]. The company will have a staff of 120, he said. Plans include hiring 20 more employees by the end of this year. It will cost about $750,000 to upgrade the 129,000-square-foot former warehouse on N.C. 49 at Caldwell Road. It will be able to house up to 70 racing cars and trucks. Wood Brothers Racing/JTC Racing Inc. has said it planned to invest $6.5 million and will bring new jobs in exchange for $76,914 in tax incentives from Cabarrus County and $20,787 from Harrisburg.(Charlotte Observer)(1-9-2006)