Laserfiche WebLink
CABARRUS COUNTY <br />BOARD OF • • <br />* <br />REGULAR MEETING <br />p �H�a 1r� SEPTEMB <br />`�iri�JJ1 /J� <br />6: 30 P .M. <br />AGENDA CATEGORY: <br />New Business <br />SUBJECT: <br />EDC - Economic Development Grant - PreGel America, Inc. - Expansion <br />BRIEF SUMMARY: <br />An Economic Development Grant is requested for PreGel America, Inc. <br />The gelato manufacturer proposes to expand its facility by 130,000 sq. <br />ft. and intends to invest approximately $11,400,000 over a 3 -year period. <br />The manufacturer also anticipates forty -five (45) new full -time jobs will be <br />created during 2011 -2013. A 3 -year 85 percent grant for each phase is <br />requested. <br />REQUESTED ACTION: <br />Consider a motion to approve an Economic Development Grant for <br />PreGel America, Inc. and authorize the County Manager and County <br />Attorney to finalize the documentation. <br />EXPECTED LENGTH OF PRESENTATION: <br />10 Minutes <br />SUBMITTED BY: <br />John Cox & Ryan McDaniels, Cabarrus EDC <br />Rick Koch, County Attorney <br />BUDGET AMENDMENT REQUIRED: <br />No <br />COUNTY MANAGER'S RECOMMENDATIONS /COMMENTS: <br />This item was approved by the Board for inclusion on the Agenda as a <br />G -4 Page 554 <br />