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Public Hearing - Consider Conveyance of County Owned Property in Union County Industrial Park (Project Canopy)
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INFORMATION CONTACT:
Ron Mahle, Economic Development, Director, 980-476-5279
ACTION REQUESTED:
Hold Public Hearing.
PRIOR BOARD ACTIONS:
1) October 20, 2025, Regular Meeting, Agenda Item #25-624 - Public Hearing Conducted for consideration of Step 4 Economic Development Incentive Grant to McGee Corporation
2) October 20, 2025, Agenda Item #25-626 - Step 4 Economic Development Incentive Grant was awarded to McGee Corporation in an amount-not-to-exceed $696,000 paid over a 5-year period beginning in FY 2028
BACKGROUND:
The Union County Economic Development Department started conversations with McGee Corporation under codename Project Canopy in late 2024 about the potential relocation of their manufacturing operation from Stallings, North Carolina, to a 60.97-acre parcel located off Goldmine Road. The company has submitted an offer of $4,267,900, being $70,000 per acre. The land sought by the company was previously acquired by Union County for an industrial park or to be held for resale for industrial or commercial use, for an industrial or commercial project, pursuant to G.S. 158-7.1(the specific parcel considered for sale is Union County Tax Parcel #09372003D). McGee Corporation’s purchase of this land is in concert with the County’s economic development objectives, which are the stimulation of the local economy, growth of the tax base, promotion of business, and creation of job opportunities within Union County. The purchase consideration is $4,267,900.00 in cash, subject to all easements, right of ways, and other restrictions of record. The Board of Commissioners has determined that the property subject to conveyance has a fair market value of $4,267,900.00.
The land will be used for an industrial project with an approximate investment of $40,000,000 and the creation of 35 new jobs with a probable hourly wage of $30.28 per hour for employees on the property. McGee Corporation intends to build a new 366,000 square-foot manufacturing facility on the property which will serve as its headquarters for design, sales, manufacturing, and distribution. This sale is made pursuant to private negation under G.S. 158-7.1.
FINANCIAL IMPACT:
Union County would receive $4,267,900.00 in cash in exchange for the land. The project would also bring a prospective $40,000,000 in new capital investment and at least 35 new jobs earning a probable wage of $30.28 per hour into Union County.