OTHERAPPROVED

Greensboro Approves Major Incentive Grant for Project Atlas

The City of Greensboro approved an economic development incentive grant for Project Atlas, offering up to $1,000 per job in annual installments not to exceed $1.5 million per year and an extra $250 per job for qualifying hires. The grant supports a proposed $4.7 billion facility and the creation of 14,564 jobs at Piedmont Triad International Airport, with provisions for job maintenance and capital investment. The contract runs through December 31, 2036, and includes M/WBE compliance and repayment clauses.

Status
APPROVED
Document date
June 12, 2025
Contract type
OTHER
Vendor
Project Atlas
Agency
City of Greensboro · NC

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $1,000 per job; annual installments not to exceed $1,500,000 per year; additional $250 per job for Impact Zone/NCWorks hires
Contract type
OTHER
Contract term
Through December 31, 2036; annual installments after jobs created and investment confirmed
Renewal date
2036-12-31
Renewal
Agreement runs through 12/31/2036. Contains claw-back clause to recover incentive if jobs or investment are not maintained as specified.
Document type
Agenda
Source document
City of Greensboro City Council Special Meeting Agenda June 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Greensboro?

Project Atlas was awarded this government contract by City of Greensboro, as recorded on June 12, 2025. The contract value is Not to exceed $1,000 per job; annual installments not to exceed $1,500,000 per year; additional $250 per job for Impact Zone/NCWorks hires.

How much is the Project Atlas contract with City of Greensboro worth?

The Project Atlas contract with City of Greensboro is valued at Not to exceed $1,000 per job; annual installments not to exceed $1,500,000 per year; additional $250 per job for Impact Zone/NCWorks hires.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Greensboro City Council Special Meeting Agenda June 2025 (Agenda), dated June 12, 2025 from City of Greensboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Project Atlas hold?

Project Atlas may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Project Atlas's profile

What is City of Greensboro currently buying?

Explore City of Greensboro's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Greensboro's profile

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