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Public Hearing - RE: Commissioner Jack Brown - EDC - To Approve a Level Four Incentive Grant to Project NORTH POINT
1. Receive Citizen Comment
2. Accept Motion to Approve
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STAFF CONTACT
Donny Hicks - Economic Development Commission - 704-825-4046
BUDGET IMPACT
budget
$4,302,816.00
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
Project NORTH POINT is considering a total investment of $50 million in new construction and machinery & equipment to establish multiple warehouse, distribution and office facilities in Gastonia and Lowell with the expectation to complete the initial phase of this investment on or before December 31, 2025; and, the County will enter into a detailed Economic Development Agreement (EDA), between Project NORTH POINT, the County, the City of Lowell and the City of Gastonia, so as 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