Guilford County
File #: 2021-135    Version: 1 Name:
Type: Public Hearing Status: Held
File created: 2/5/2021 In control: Board of Commissioners
On agenda: 2/18/2021 Final action: 2/18/2021
Title: PUBLIC HEARING ON ECONOMIC DEVELOPMENT INCENTIVE REQUEST - THE CITY OF HIGH POINT CATALYST PROJECT
Related files: 2017-333, 2021-142
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TITLE

Title

PUBLIC HEARING ON ECONOMIC DEVELOPMENT INCENTIVE REQUEST - THE CITY OF HIGH POINT CATALYST PROJECT

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SPONSOR

Sponsor

Michael Halford, County Manager

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BACKGROUND

Background

The City of High Point requests an economic development incentive grant in an amount up to $7 million distributed over a twenty (20) year period to support ongoing development in its Downtown Catalyst Influence Area.  The project is expected to generate up to $1.3 million in additional annual tax revenue and 500 new jobs.  

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REQUESTED ACTION

Requested Action

In accordance with N.C.G.S 158-7.1, hold a public hearing for the purposes of receiving public input regarding an economic development incentive grant request from the City of High Point in an amount up to $7 million distributed over a twenty (20) year period to support ongoing development in its Downtown Catalyst Influence Area.

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