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Public Hearing RE: Commissioner Keigher - EDC - To Authorize an Application to the NC Department of Commerce Rural Economic Development Division Building Reuse Grant Program and to Authorize a Gaston County 5% Match; and, to Authorize a Gaston County 50% Match of the State’s ONE NC Grant - POLYKEMI
1. Receive Comment
2. Close Public Hearing
3. Accept Motion to Approve Resolution
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STAFF CONTACT
Donny Hicks - Director of EDC - 704-825-4046
BUDGET IMPACT
budget
N/A
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
POLYKEMI is considering a total investment of $11,000,000 to purchase and renovate a building to establish a North American Headquartered Manufacturing Facility in the City of Gastonia, including the installation of machinery and equipment; the Gaston County Board of Commissioners finds that it is in the best interests of the County to support the application to the N.C. Department of Commerce Rural Economic Development Division Building Reuse Grant Program for a $175,000 grant to support POLYKEMI, including a commitment to provide a cash match of five percent ($8,750) of the amount of the grant; and, the Gaston County Board of Commissioners finds that it is in the best interests of the County to support the ONE NC Grant provided by the Department of Commerce for a $75,000 grant to support POLYKEMI , including a commitment to provide a cash match of fifty percent ($37,500) of the amount of the grant.
POLICY IMPACT
N/A
ATTACHMENTS
Resolution