File #: 24-596   
Type: Public Hearing Status: Passed
File created: 11/21/2024 In control: Economic Development Commission
On agenda: 12/10/2024 Final action: 12/10/2024
Enactment date: 12/10/2024 Enactment #: 2024-422
Title: Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level One Incentive Grant Pursuant to N.C. General Stat. 158-7.1 and To Authorize Gaston County to Enter Into an Economic Development Agreement (EDA) with Project Panther 25 1. Receive Citizen Comment 2. Close Public Hearing 3. Accept Motion
Sponsors: Tom Keigher
Attachments: 1. Adopted 2024-422, 2. Resolution

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Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level One Incentive Grant Pursuant to N.C. General Stat. 158-7.1 and To Authorize Gaston County to Enter Into an Economic Development Agreement (EDA) with Project Panther 25

1. Receive Citizen Comment

2. Close Public Hearing

3. Accept Motion

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STAFF CONTACT

Donny Hicks - Economic Development Commission - 704-825-4046

BUDGET IMPACT
budget

NA

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BACKGROUND

Project Panther 25 is considering a total investment of approximately $10,000,000 to expand its existing operations. The investment includes the purchase and installation of additional machinery and equipment. Gaston County will prepare a detailed Economic Development Agreement (EDA), between Project Panther 25 and the County to provide a Level One Incentive Grant, so as to induce the company to provide opportunities for capital investment which will enhance the County’s ability to attract additional business and industry.

POLICY IMPACT

No Policy Impact.

ATTACHMENTS

Resolution