File #: 25-462   
Type: Public Hearing Status: Agenda Ready
File created: 9/4/2025 In control: Economic Development Commission
On agenda: 9/23/2025 Final action:
Enactment date: Enactment #:
Title: Public Hearing - RE: Commissioner Keigher - EDC - To Approve a Gaston County Level One 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 CNC 1. Receive Citizen Comment 2. Close Public Hearing 3. Accept Motion
Sponsors: Tom Keigher
Attachments: 1. Resolution
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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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 and To Authorize Gaston County to Enter Into an Economic Development Agreement (EDA) with Project CNC

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 CNC is considering a total investment of $4,100,000 to purchase new advanced manufacturing machinery and equipment to increase their capability at their existing manufacturing facility in Gaston County. Gaston County developed an economic grant policy to provide global advanced manufacturing companies and distribution facilities with incentives to develop high quality industries in the 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. North Carolina General Statute §158-7.1 authorizes a County to undertake an economic development project by providing grants for the location of industry; and, should any grants and incentives be offered by the State of North Carolina and a local match be required, the Local Investment Grant will be used as the match and no additional funds will be obligated by the County. The County will prepare a detailed Economic Development Agreement (EDA), between Project CNC and the County, 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