File #: 20-015   
Type: Resolution (Consent) Status: Passed
File created: 1/10/2020 In control: Economic Development Commission
On agenda: 1/28/2020 Final action: 1/28/2020
Enactment date: 1/28/2020 Enactment #: 2020-003
Title: Public Hearing - RE: Commissioner Jack Brown - EDC - To Authorize a Resolution to Provide an Economic Development Agreement for Project SIBO and to Provide a Standard Level One Local Incentive Grant for Investments in Years 2021 Through 2025 1. Receive Citizen Comment 2. Accept Motion to Approve
Sponsors: Jack B. Brown
Attachments: 1. Adopted 2020-003, 2. Resolution

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Public Hearing - RE: Commissioner Jack Brown - EDC - To Authorize a Resolution to Provide an Economic Development Agreement for Project SIBO and to Provide a Standard Level One Local Incentive Grant for Investments in Years 2021 Through 2025

1.  Receive Citizen Comment

2.  Accept Motion to Approve

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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

Project SIBO is considering a total investment of $10,000,000 to establish a North American Headquartered Manufacturing Facility in the City of Gastonia, including the installation of machinery and equipment.  The firm intends to create at least fifty (50) new jobs, and expects to pay an average annual wage of $40,000.

POLICY IMPACT

N/A

ATTACHMENTS

Resolution