File #: 18-376   
Type: Public Hearing Status: Passed
File created: 10/5/2018 In control: Economic Development Commission
On agenda: 10/23/2018 Final action: 10/23/2018
Enactment date: 10/23/2018 Enactment #: 2018-236
Title: Public Hearing - RE: Commissioner Chad Brown - EDC - To Authorize an Application to The One North Carolina Grant as the Local Government Applicant for Project Alpha 3 in the Amount of $50,000 and to Authorize a Local Match of $25,000 1. Receive Citizen Comment 2. Accept Motion to Approve
Sponsors: Chad Brown
Attachments: 1. Adopted 2018-236, 2. Resolution
Related files: 18-375, 18-377

title

Public Hearing - RE: Commissioner Chad Brown - EDC - To Authorize an Application  to The One North Carolina Grant as the Local Government Applicant for Project Alpha 3 in the Amount of $50,000 and to Authorize a Local Match of $25,000

1.  Receive Citizen Comment

2.  Accept Motion to Approve

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STAFF CONTACT

Donny Hicks - EDC - 704-825-4046

BUDGET IMPACT
budget

N/A

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

 

North Carolina Department of Commerce has supported the location of industry by offering a company the opportunity to apply for a One North Carolina Discretionary grant via a unit of local government; Approval of this request authorizes Gaston County to complete and administer the One North Carolina Grant in the amount of $50,000 for Project ALPHA 3.  It also authorizes the County to provide the required local match of $25,000.  Duke Energy has agreed to provide project Alpha 3 with a $25,000 Carolinas Investment Fund Grant as an inducement to locate their plant in Gaston County and the Town of Stanley.  The grant would be accepted and dispersed by the County on behalf of Project Alpha 3 and would satisfy the County’s local match for the One NC Grant.

 

POLICY IMPACT

N/A

ATTACHMENTS

Resolution