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Public Hearing - Re: Commissioner Keigher - EDC - To Approve a Gaston County Level One or 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 Project Seattle
1. Receive Citizen Comment
2. Close Public Hearing
3. Accept Motion to Approve Resolution
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STAFF CONTACT
Alisha Summey - Economic Development Commission - 704-825-4046
BUDGET IMPACT
budget
N/A
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Project Seattle is a Fortune 500 Company considering a total investment of $21,000,000 to establish a facility in Gaston County, to include the purchase and installation of Machinery & Equipment, with the expectation to complete this investment on or before December 31, 2024. Project Seattle’s investment is anticipated to add approximately 107 new jobs with an average salary of $25.82 per hour over the next twelve months. 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 or Level Two Incentive Grant.
POLICY IMPACT
N/A
ATTACHMENTS
Resolution