FINANCIAL_SERVICESRENEWED

Council Renews Incentive Grant for Nicolock Facility

Concord City Council renewed a three-year 85% tax-based economic development incentive grant with Nicolock Paving Stones, LLC, supporting a $10.55 million manufacturing investment. The grant is estimated at $98,926 over three years while still yielding net tax revenue to the City.

Status
RENEWED
Document date
July 10, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Nicolock Paving Stones Llc
Agency
Town of Concord · AR

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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
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Estimated total value $98,926 over three years
Contract type
FINANCIAL_SERVICES
Contract term
Three-year/85% tax-based economic development incentive grant
Renewal
Original incentive agreement approved in 2023 expired and is being renewed under the same three-year/85% tax-based terms in a new agreement for the same project.
Document type
Agenda
Source document
town-of-concord-city-council-agenda-economic-incentives-infrastructure-projects-jul-10-2025_036.md

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Concord?

Nicolock Paving Stones Llc was awarded this financial services contract by Town of Concord, as recorded on July 10, 2025. The contract value is Estimated total value $98,926 over three years.

How much is the Nicolock Paving Stones Llc contract with Town of Concord worth?

The Nicolock Paving Stones Llc contract with Town of Concord is valued at Estimated total value $98,926 over three years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-concord-city-council-agenda-economic-incentives-infrastructure-projects-jul-10-2025_036.md (Agenda), dated July 10, 2025 from Town of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Nicolock Paving Stones Llc hold?

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

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What is Town of Concord currently buying?

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

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