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Public Hearing - Re: Commissioner Keigher - EDC - To Approve a Gaston County Level Two 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 Indus
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
Local Funds.
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Indus is considering a total investment of $41,615,000 to establish four warehouse and distribution facilities in Gaston County, the investment will be completed in two phases, Phase One (i) 311,000 square feet and Phase Two (ii) 283,500 square feet with the expectation to complete this investment on or before December 31, 2027. 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 and will qualify for a Level Two Incentive Grant.
POLICY IMPACT
N/A
ATTACHMENTS
Resolution