File #: 21-475   
Type: Resolution (Consent) Status: Passed
File created: 12/3/2021 In control: Economic Development Commission
On agenda: 12/14/2021 Final action: 12/14/2021
Enactment date: 12/14/2021 Enactment #: 2021-319
Title: Public Hearing RE: Commissioner Keigher - EDC - To Approve a Gaston County Level Four Incentive Grant Pursuant to N.C. Gen. Stat. 157-7.1 and To Authorize Gaston County to Enter into an Economic Development Agreement (EDA) with Project BOREALIS 1. Receive Comment 2. Close Public Hearing 3. Accept Motion to Approve Resolution
Sponsors: Tom Keigher
Attachments: 1. Adopted 2021-319, 2. Resolution

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Public Hearing RE: Commissioner Keigher - EDC - To Approve a Gaston County Level Four Incentive Grant Pursuant to N.C. Gen. Stat. 157-7.1 and To Authorize Gaston County to Enter into an Economic Development Agreement (EDA) with Project BOREALIS

1.  Receive Comment

2.  Close Public Hearing

3.  Accept Motion to Approve Resolution

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STAFF CONTACT

Donny Hicks - EDC Director - 704-825-4046

BUDGET IMPACT
budget

N/A

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BUDGET ORDINANCE IMPACT

N/A

 

BACKGROUND

The Resolution is to authorize a Level Four Economic Incentive Grant for Project BOREALIS. This project will occupy a new facility in the Gateway 85 Business Park. Investment in real and personal property is estimated to be $159 million. The company is eligible for Job Development Investment Grants (JDIG) from the State and will create 675 new jobs in the County at wages higher than the County average.

POLICY IMPACT

N/A

ATTACHMENTS

Resolution