File #: 23-542   
Type: Resolution (Consent) Status: Passed
File created: 11/3/2023 In control: Economic Development Commission
On agenda: 11/28/2023 Final action: 11/28/2023
Enactment date: 11/28/2023 Enactment #: 2023-391
Title: Commissioner Keigher - EDC - To Authorize an Application to the NC Department of Commerce Rural Economic Development Division Building Reuse Grant Program and One NC Grant Application on Behalf of Project Server
Sponsors: Tom Keigher
Attachments: 1. Adopted 2023-391, 2. Resolution - Original
Related files: 23-534

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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 and One NC Grant Application on Behalf of Project Server

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STAFF CONTACT

Alisha Summey - Economic Development Commission - 704-825-4046

BUDGET IMPACT
budget

Appropriate State revenues.  Local Investment Grant.

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

Project Server is considering a total investment of $7,000,000 to design and upfit a manufacturing and distribution facility in Gaston County and plans to create at least 85 new jobs over five years. This will potentially increase property and sales tax revenue based upon Project Server choosing to locate its manufacturing plan in Gaston County. The required local match will be the Local Investment Grant.

POLICY IMPACT

N/A

ATTACHMENTS

Resolution