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CONTINUED FROM 8/22/2023 - 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 Box
1. Receive Citizen Comment
2. Close Public Hearing
3. Accept Motion to Approve Resolution
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STAFF CONTACT
Sara Gilbert-Kay - Economic Development - 704-825-2246
BUDGET IMPACT
budget
N/A
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Project Box proposes to relocate, design and up-fit one existing building used for manufacturing and distribution which includes an investment in machinery & equipment for approximately $2,500,000 in Gaston County, NC. It is anticipated that the Company’s capital investment in and at the property and its operations will generate significant ad valorem tax, sales tax and other revenues to the County and will qualify for a Level One Grant. The County will prepare a detailed Economic Development Agreement (EDA), between Project Box 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