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REVISED/ Public Hearing - RE: Commissioner Keigher - EDC - To Authorize a Gaston County Level 2 Economic Development Grant - Project “Roo”
1. Receive Citizen Comment
2. ADDED/ Accept Motion to Approve Resolution
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STAFF CONTACT
Donny Hicks - Economic Development Commission - 704-825-4046
BUDGET IMPACT
budget
N/A
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BACKGROUND
Project “Roo” plans to invest approximately $8,900,000 which includes the purchase of the building, renovation of the facility and purchase and installation of machinery & equipment. The company plans to create at least 50 new employment positions.
Approval of this request authorizes: a Gaston County Level 2 Economic Development Grant; the execution of the application and the cash match of up to $25,000 (TWENTY FIVE THOUSAND DOLLARS), which is required for the company’s application for the North Carolina Department of Commerce’s Rural Economic Development Division Building Reuse Loan Program.
It is expected that this project will increase taxable property, employment, industrial output and business prospects for the County.
POLICY IMPACT
N/A
ATTACHMENTS
ADDED/ Resolution; Budget Change Request