File #: 24-441   
Type: Resolution (Consent) 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 #: 2024-326
Title: Commissioner Brown - EDC - To Authorize an Application to the NC Department of Commerce (NCDOC) Rural Economic Development Division Building Reuse Grant and One NC Program on Behalf of Project Capped
Sponsors: Chad Brown
Attachments: 1. Adopted 2024-326, 2. Resolution
Related files: 24-440

title

Commissioner Brown - EDC - To Authorize an Application to the NC Department of Commerce (NCDOC) Rural Economic Development Division Building Reuse Grant and One NC Program on Behalf of Project Capped

body

STAFF CONTACT

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

BUDGET IMPACT
budget

No Additional County Funds. Required Local Match to come from the County’s Local Incentive Grant will be Included in the County’s Annual Budget in the year of payout.

body

BACKGROUND

Project Capped is considering a total investment of $3,500,000 to upfit, customize and operate its manufacturing and distribution facility in Gaston County. The proposed expansion anticipates adding approximately 10 new jobs in the next twelve months with an average annual salary of $56,985. The Gaston County Board of Commissioners desires to support this manufacturing operation 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

No Policy Impact.

ATTACHMENTS

Resolution