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Step 4 Economic Development Incentive Grant to Confidential Company
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INFORMATION CONTACT:
Ron Mahle, Economic Development, Director, 980-476-5279
ACTION REQUESTED:
Confirm the Board’s action on February 3, 2025 (Agenda Item 25-059), involving the award of a Step 4 Economic Development Incentive Grant to Confidential Company in an amount not-to-exceed $2,350,000 over a five-year period was an award of such incentive grant to ATI Specialty Materials, Inc.
PRIOR BOARD ACTIONS:
1) February 3, 2025, Regular Meeting, Agenda Item #25-049 - Public Hearing Held.
2) February 3, 2025, Regular Meeting, Agenda Item #25-059 - Union County Board of Commissioners award of Step 4 Economic Development Incentive Grant to Confidential Company
BACKGROUND:
At its February 3, 2025, regular meeting, the Union County Board of Commissioners awarded a Step 4 Economic Development Incentive Grant to Confidential Company. The grant is in an amount not-to-exceed $2,350,000 paid over a 5-year period beginning in FY2028. The name of the company is ATI Specialty Materials, Inc.
FINANCIAL IMPACT:
$2,350,000 paid over a 5-year period beginning in FY2028.