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Commissioner Keigher - EDC - To Authorize an Application to the NC Department of Commerce Rural Economic Development Division Building Reuse Grant Program Application on Behalf of Project Helms Deep
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STAFF CONTACT
Alisha Summey - Economic Development Commission - 704-825-4046
BUDGET IMPACTbudget
The required local 5% match was previously approved in the Local Investment Grant.
BACKGROUND
Project Helms Deep is considering an investment that will result in net new taxable value at an existing manufacturing facility in Gaston County and intends to create 30 new jobs over five years. This will potentially increase property and sales tax revenue based upon Project Helms Deep choosing to expand its manufacturing operations in Gaston County. The Gaston County Board of Commissioners desires to support this manufacturing operation 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