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Public Hearing - RE: Commissioner Philbeck - EDC - To Authorize Completion of the Rolling Door Company’s Application for the NCDOC Rural Economic Development Division’s Building Reuse Program and to Authorize a Fund Balance Appropriation for a Required Local Match of $2,500
1. Receive Citizen Comment
2. Accept Motion to Approve
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STAFF CONTACT
Donny Hicks - Economic Development - 704-825-4046
BUDGET IMPACT
budget
Fund Balance Appropriation - Local Match Required ($2,500)
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
The Rolling Door Company is considering a total investment of $1.5 million in machinery and equipment to establish a manufacturing plant at 1931 Jordache Court in Gaston County. The firm intends to create 11 new jobs expecting to pay an average annual wage of $40,909 with the current average annual wage for Gaston County being $39,852. Gaston County is required to provide a local match for the NCDOC Rural Economic Development Division Building Reuse Grant of up to $2,500.00.
POLICY IMPACT
N/A
ATTACHMENTS
Resolution and Budget Change Request