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Step 4 Economic Development Incentive Grant - Project Seven
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INFORMATION CONTACT:
Ron Mahle, Economic Development, Director, 980-476-5279
ACTION REQUESTED:
Confirm the Board’s action on July 14, 2025 (Agenda Item 25-425), involving the award of a Step 4 Economic Development Incentive Grant to Confidential Company (Project Seven) in an amount not-to-exceed $4,860,000 over a seven-year period was an award of such incentive grant to ATI Specialty Materials, LLC.
PRIOR BOARD ACTIONS:
July 14, 2025, Regular Meeting, Agenda Item #25-424 - Public Hearing;
July 14, 2025, Regular Meeting, Agenda Item #25-425- Union County Board of Commissioners award of Step 4 Economic Development Incentive Grant to Confidential Company - Project Seven
BACKGROUND:
At its July 14, 2025, regular meeting, the Union County Board of Commissioners awarded a Step 4 Economic Development Incentive Grant to Confidential Company - Project Seven. The grant is in an amount not-to-exceed $4,860,000 paid over a 7-year period beginning in FY2028. The name of the company is ATI Specialty Materials, LLC.
FINANCIAL IMPACT:
$4,860,000 paid over a 7-year period beginning in FY2028.