File #: 26-045   
Type: Public Hearing Status: Passed
File created: 2/2/2026 In control: Economic Development Commission
On agenda: 2/26/2026 Final action: 2/26/2026
Enactment date: 2/26/2026 Enactment #: 2026-051
Title: 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 Explore 1. Receive Citizen Comment 2. Close Public Hearing 3. Accept Motion
Sponsors: Tom Keigher
Attachments: 1. Adopted 2026-051, 2. Resolution

title

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 Explore

1. Receive Citizen Comment

2. Close Public Hearing

3. Accept Motion

body

STAFF CONTACT

Alisha Summey - Economic Development Commission - 704-825-4046                     

BUDGET IMPACT
budget

Local Investment Grant - No additional funds will be obligated.

body

BACKGROUND

Project Explore is considering a total investment of $13,476,800 to expand its existing operations. The investment includes upfits to its existing manufacturing facility and the purchase of new advanced manufacturing machinery and equipment to increase their capability at their existing manufacturing facility in Gaston County. 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 One Incentive Grant. The County will prepare a detailed Economic Development Agreement (EDA), between Project Explore and 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