title
Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level Four 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 Project Huskey
1. Receive Citizen Comment
2. Close Public Hearing
3. Accept Motion to Approve Resolution
body
STAFF CONTACT
Donny Hicks - Economic Development Commission - 704-825-4046
BUDGET IMPACT
budget
Appropriate State revenues. No additional County funds.
body
BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Gaston County developed an economic grant policy to provide global advanced manufacturing companies and distribution facilities with high quality locations. Project Huskey is considering a total investment of $100,000,000 to establish a 750,000 sq. ft. warehouse and distribution facility in Gaston County. Gaston County Economic Development is requesting a Level Four Incentive Grant under the existing policy in place. It is anticipated that the Company’s capital investment and operations will generate significant ad valorem tax, sales tax and other revenues to Gaston County.
POLICY IMPACT
N/A
ATTACHMENTS
Resolution