Gaston County - File #: 23-499

• File #: 23-499
• Type: Public Hearing
• Status: Passed
• File created: 10/6/2023
• In control: Economic Development Commission
• On agenda: 10/24/2023
• Final action: 10/24/2023
• Enactment date: 10/24/2023
• Enactment #: 2023-342
• Title: Public Hearing - Re: Commissioner Keigher - EDC - To Authorize a Gaston County Level Two Incentive Grant and Approve the Conveyance of 15.56 Acres of Land (Lot 8) at the Apple Creek Business Park Pursuant to N.C.Gen.Stat.158-7.1; Authorize Gaston County to Enter Into an Economic Development Agreement (EDA) with Project Creign 1. Receive Citizen Comment 2. Close Public Hearing 3. Accept Motion to Approve Resolution
• Sponsors: Tom Keigher
• Related files: 24-008, 24-111

Date	Ver.	Action By	Action	Result
10/24/2023	1	Board of Commissioners	approved	Pass

title

Public Hearing - Re: Commissioner Keigher - EDC - To Authorize a Gaston County Level Two Incentive Grant and Approve the Conveyance of 15.56 Acres of Land (Lot 8) at the Apple Creek Business Park Pursuant to N.C.Gen.Stat.158-7.1; Authorize Gaston County to Enter Into an Economic Development Agreement (EDA) with Project Creign

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

Local Incentive Funds.

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

North Carolina General Statute 158-7.1 authorizes a county to undertake an economic development project by conveying property to a company in order to induce the company to locate or expand its operations within the county. Gaston County and Project Creign have engaged in private negotiations for the conveyance of 15.56 acre tract (Lot 8) in the Apple Creek Business Park, to the end that Project Creign may construct a manufacturing facility on the tract and they have reached a tentative agreement on the terms for conveyance of the property and for a Level Two Incentive Grant. Project Creign is considering a total investment of $21,000,000 to design and build one building Apple Creek Lot 8 and anticipates creating 46 additional job opportunities with an average annual salary of $59,348. 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 Incentive Grant.

POLICY IMPACT

N/A

ATTACHMENTS

Resolution