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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 Project TRIM
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
No additional County funds.
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Project TRIM is considering a total investment of approximately $2 million to upfit and occupy a building to be constructed in the Edgewood 85 Commerce Park, to include the purchase and installation of machinery & equipment, with the expectation to complete this investment on or before December 31, 2023. The firm intends to create 14 new jobs and transfer 56 existing jobs from another state, and expects to pay an annual in excess the County average. North Carolina General Statute §158-7.1 authorizes a County to undertake an economic development project by providing grants for the location of industry.
POLICY IMPACT
N/A
ATTACHMENTS
Resolution