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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 IMPACTbudget
N/A
BUDGET ORDINANCE IMPACT
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
ATTACHMENTS
Resolution