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
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.
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.