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Public Hearing - RE: Commissioner Keigher - EDC - To Authorize the Sale of Real Property for Economic Development and To Approve a Gaston County Level Two Incentive Grant Pursuant to N.C.Gen.Stat. 158-7.1 and Authorize Gaston County to Enter into an Economic Development Agreement (EDA) with Project Hemmingway
1. Receive Citizen Comment
2. Close Public Hearing
3. Accept Motion to Approve Resolution
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STAFF CONTACT
Donny Hicks - Economic Development - 704-825-4046
BUDGET IMPACT
budget
N/A
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Project Hemmingway is considering a total investment of $28,500,000 to design and build one building 100,000 square feet at Apple Creek Lot 4 which anticipates creating 60 additional job opportunities with an average salary of $53K per year. 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 Grant. The County will prepare a detailed Economic Development Agreement (EDA), between Project Hemmingway, the County, so as to induce the company to provide good job opportunities and capital investment which will enhance the County’s ability to attract additional business and industry.
POLICY IMPACT
N/A
ATTACHMENTS
Resolution and Map