File #: 17-441   
Type: Public Hearing Status: Passed
File created: 11/28/2017 In control: Economic Development Commission
On agenda: 12/12/2017 Final action: 12/12/2017
Enactment date: 12/12/2017 Enactment #: 2017-281
Title: Public Hearing - RE: Commissioner Brown - EDC - To Authorize an Economic Development Agreement to Provide a Standard Level Two Local Incentive Grant - Project "KARMA" 1. Receive Citizen Comment 2. Accept Motion to Approve Resolution
Sponsors: Chad Brown
Attachments: 1. Adopted 2017-281, 2. Resolution - Project "KARMA", 3. Legal Ad Proof

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Public Hearing - RE: Commissioner Brown - EDC - To Authorize an Economic Development Agreement to Provide a Standard Level Two Local Incentive Grant - Project “KARMA”

1.   Receive Citizen Comment

2.   Accept Motion to Approve Resolution

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STAFF CONTACT

Donny Hicks - EDC- 704-825-4066

BUDGET IMPACT
budget

N/A

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

Project “KARMA” is considering an investment of $18,500,000 over a period of five calendar years to establish an advanced manufacturing operation to Gaston County, including the installation of machinery and equipment and to establish a North American corporate office and intends to create at least two hundred (200) new jobs expecting to pay an average wage of $41,478 which is above the 2017 average annual wage of Gaston County of $38,438.

POLICY IMPACT

N/A

ATTACHMENTS

Resolution