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CANCELLED - Commissioner Keigher - EDC - To Authorize an Application to the NC Department of Commerce (NCDOC) Rural Economic Development Division Building Reuse Grant Program on Behalf of Project Upcycle
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STAFF CONTACT
Alisha Summey - Economic Development Commission - 704-825-4046
BUDGET IMPACT
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N/A
BUDGET ORDINANCE IMPACT
BACKGROUND
Project Upcycle is considering a total investment of $74,000,000 to expand their current operations with the investment of a manufacturing and distribution operation in Gaston County, this investment is to include the purchase and installation of machinery & equipment and real property. The firm intends to create approximately 300 new jobs over five years in Gaston County, with an average salary of $53,674 per year. 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.
POLICY IMPACT
ATTACHMENTS
Resolution