title
Commissioner Keigher - EDC - To Authorize an Application to the NC Department of Commerce Economic Development Division for the One NC Grant Program on Behalf of Project Seattle
body
STAFF CONTACT
Alisha Summey - Economic Development Commission - 704-825-4046
BUDGET IMPACT
budget
The required local match will be the Local Investment Grant previously approved estimated to be $175,000.
BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Project Seattle is considering a total investment of $21,000,000 to establish a manufacturing and distribution facility in Gaston County. Project Seattle anticipates creating 107 additional job opportunities with an average salary of $25.82 per hour. This will potentially increase property and sales tax revenue based upon Project Seattle choosing to locate its operations in Gaston County. The Board of Commissioners approved incentive grant(s) and authorized an EDA on 10/24/2023 via 2023-340.
POLICY IMPACT
ATTACHMENTS
Resolution