File #: 25-353   
Type: Public Hearing Status: Passed
File created: 6/12/2025 In control: Economic Development Commission
On agenda: 6/24/2025 Final action: 6/24/2025
Enactment date: 6/24/2025 Enactment #: 2025-198
Title: Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level Four 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 ARRIVAL 1. Receive Citizen Comment 2. Close Public Hearing 3. Accept Motion
Sponsors: Tom Keigher
Attachments: 1. Adopted 2025-198, 2. Resolution

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Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level Four 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 ARRIVAL

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

N/A

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BACKGROUND

Project ARRIVAL is considering a total investment of $56,000,000 to establish a manufacturing facility in Gaston County. Project ARRIVAL plans to invest $56 million to customize and upfit an existing facility and purchase machinery and equipment. Project ARRIVAL anticipates creating 175 new jobs with an average annual salary exceeding $52,354 per year in Gaston County which is above the County average wage. 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 Four Incentive Grant. The County will prepare a detailed Economic Development Agreement (EDA), between Project ARRIVAL, the County, and chosen municipality, 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

N/A

ATTACHMENTS

Resolution