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Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level One Incentive Grant Pursuant to N.C.Gen.Stat. 158-7.1; To Authorize Gaston County to Enter Into an Economic Development Agreement (EDA) with Project Server
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
No additional County funds.
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Project Server is considering a total investment of $7,000,000 to establish a manufacturing operation in Gaston County, to include the purchase and installation of machinery & equipment and the firm intends to create at least 85 new jobs over five years in Gaston County. 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 Incentive Grant. The County will prepare a detailed Economic Development Agreement (EDA), between Project Server and the County.
POLICY IMPACT
N/A
ATTACHMENTS
Resolution