File #: 24-051   
Type: Resolution (Consent) Status: Passed
File created: 2/6/2024 In control: Economic Development Commission
On agenda: 2/27/2024 Final action: 2/27/2024
Enactment date: 2/27/2024 Enactment #: 2024-044
Title: Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level Two 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 Miami 1. Receive Citizen Comment 2. Close Public Hearing 3. Accept Motion to Approve Resolution
Sponsors: Tom Keigher
Attachments: 1. Adopted 2024-044, 2. Resolution
Related files: 24-052

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Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level Two 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 Miami

1.  Receive Citizen Comment

2.  Close Public Hearing

3.  Accept Motion to Approve Resolution

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STAFF CONTACT

Alisha Summey - Economic Development - 704-825-4046

BUDGET IMPACT
budget

Local Incentives.

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

Project Miami is considering a total investment of $19,200,000 to renovate four existing buildings and purchase machinery & equipment in order to increase its manufacturing and distribution capabilities in Gaston County. Project Miami’s investment is anticipated to add approximately 190 new jobs with an average salary of $54,942 over the next two years. 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