File #: 24-445   
Type: Public Hearing Status: Passed
File created: 8/29/2024 In control: Economic Development Commission
On agenda: 9/19/2024 Final action: 9/19/2024
Enactment date: 9/19/2024 Enactment #: 2024-311
Title: Public Hearing - RE: Commissioner Brown - 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 Daisy Gator 1. Receive Citizen Comment 2. Close Public Hearing 3. Accept Motion
Sponsors: Chad Brown
Attachments: 1. Adopted 2024-311, 2. Resolution

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Public Hearing - RE: Commissioner Brown - 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 Daisy Gator

1.  Receive Citizen Comment

2.  Close Public Hearing

3.  Accept Motion

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STAFF CONTACT

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

BUDGET IMPACT
budget

No Budget Impact. Incentive Grant Payouts are included in the County’s Annual Budget in the year of Payout.

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BACKGROUND

Project Daisy Gator is considering a total investment of $2,000,000 to upfit an existing building and machinery and equipment to expand its manufacturing operations in Gaston County. Project Daisy Gator proposes to begin this investment in the third quarter of 2024 and be completed within 2 years. This investment will allow Project Daisy to increase production and distribution capabilities to serve additional international customers. Gaston County will prepare a detailed Economic Development Agreement (EDA), between Project Daisy Gator and the County, to provide a Level One Incentive Grant, so as to induce the company to provide opportunities and capital investment which will enhance the County’s ability to attract additional business and industry.

POLICY IMPACT

No Policy Impact.

ATTACHMENTS

Resolution