TITLE
Title
PUBLIC HEARING ON ECONOMIC DEVELOPMENT INCENTIVE GRANT TO PIEDMONT TRIAD AIRPORT AUTHORITY (PTAA)
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SPONSOR
Sponsor
Brent Christensen, Greensboro Chamber of Commerce
BACKGROUND
Background
Pursuant to N.C.G.S 158-7.1, the Guilford County Board of Commissioners is requested to hold a public hearing to receive public input on a proposed economic incentive grant in the amount of $2 million to Piedmont Triad Airport Authority (PTAA) for infrastructure costs related to economic development.
REQUESTED ACTION
Requested Action
Pursuant to N.C.G.S 158-7.1, conduct a public hearing and approve an economic development incentive grant to Piedmont Triad Airport Authority (PTAA) in the amount of $2 million to support infrastructure costs related to economic development. Upon approval, direct staff to take all necessary actions to execute the incentive grant agreement and appropriate General Fund, fund balance, in the amount of $2 million to the Economic Development & Assistance budget.