File #: 25-424   
Type: Public Hearing Status: Agenda Ready
File created: 8/8/2025 In control: Economic Development Commission
On agenda: 8/26/2025 Final action:
Enactment date: Enactment #:
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 DELOREAN 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 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 DELOREAN

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 DELOREAN is considering a total investment of $67,200,000 to establish an industrial manufacturing operation in Gaston County. Project DELOREAN anticipates creating 513 new jobs over 5 years with an average annual wage at or above the County’s average wage which is currently $52,180. 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 DELOREAN, the County, and chosen municipality, so as 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