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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 IMPACTbudget
Appropriate State revenues. Local Investment Grant.
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
ATTACHMENTS
Resolution