title
Public Hearing - RE: Commissioner Philbeck - To Approve a Grant to Gaston County Development Corporation, a North Carolina Non-Profit Corporation, for the Establishment of a Hybrid Business Incubator Project Featuring Gigabit Speed Internet, Pursuant to NCGS 158-7.1, and to Approve the Grant Agreement and Appropriation for the Project
1. Receive Citizen Comment
2. Approve Board Action
body
STAFF CONTACT
Charles Moore - County Attorney - 704-866-3194
BUDGET IMPACT
budget
The appropriation is from proceeds of the CaroMont Lease Agreement, recently signed by the County.
body
BUDGET ORDINANCE IMPACT
Fund balance will be reduced by $975,000.00, over the three year term of the agreement.
BACKGROUND
The Board of Commissioners has determined that the Gigabit Hybrid Business Incubator will increase the population, taxable property, employment, industrial output and business prospects of the County.
POLICY IMPACT
N/A
ATTACHMENTS
Grant Agreement & Gaston Gigabit Incubator Scope of Work and Schedule