Gaston County - File #: 22-030

• File #: 22-030
• Type: Resolution (Consent)
• Status: Passed
• File created: 1/13/2022
• In control: Economic Development Commission
• On agenda: 1/25/2022
• Enactment date: 1/25/2022
• Enactment #: 2022-007
• Title: Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level One Incentive Grant Pursuant to N.C. Gen. Stat.158-7.1 and To Authorize Gaston County to Enter into an Economic Development Agreement (EDA) with EQUUS 1. Receive Citizen Comment 2. Close Public Hearing 3. Accept Motion to Approve Resolution
• Sponsors: Tom Keigher

Date	Ver.	Action By	Action	Result
1/25/2022	1	Board of Commissioners	approved	Pass

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Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level One Incentive Grant Pursuant to N.C. Gen. Stat.158-7.1 and To Authorize Gaston County to Enter into an Economic Development Agreement (EDA) with EQUUS

1.  Receive Citizen Comment

2.  Close Public Hearing

3.  Accept Motion to Approve Resolution

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STAFF CONTACT

Donny Hicks - Economic Development Commission - 704-825-4046

BUDGET IMPACT
budget

N/A

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

EQUUS is considering a total investment of $15 million in the upfit of an existing building in the Kings Mountain Corporate Center, and the purchase and installation of machinery & equipment to establish an advanced manufacturing facility with the expectation to complete this investment on or before December 31, 2022. It is anticipated that the Company’s capital investment in and at the Property and its operations thereat will generate significant ad valorem tax, sales tax and other revenues to the County. This investment consists of approximately fifteen million dollars in improvements to the building installation of machinery and equipment.

POLICY IMPACT

N/A

ATTACHMENTS

Resolution