FINANCIAL_SERVICESAPPROVED

Kent County Commissioners Meeting Minutes January 2025

Manufacturing Incentive Letter Approved for Avail Enclosure Systems

$200,000.00 (MEDAF Conditional Loan), $20,000 local matchKent CountyAVAIL ENCLOSURE SYSTEMSJanuary 9, 2025

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Description

Kent County Commissioners approved a Letter of Intent for incentives with Avail Enclosure Systems, supporting a $200,000 MEDAF conditional loan and $20,000 local match to create 45 new jobs. The final loan documents will be completed after funding in the FY2026 budget.

Contract Details

Contract Amount

$200,000.00 (MEDAF Conditional Loan), $20,000 local match

Vendor

AVAIL ENCLOSURE SYSTEMS

Agency

Kent County, MD

Contract Type

FINANCIAL_SERVICES

Document Date

January 9, 2025

Contract Term

Until December 17, 2027 (job creation requirement)

Renewal Date

2027-12-17

Renewal Info

Loan/grant subject to job creation requirements by December 17, 2027; not an auto-renewing agreement. Letter of Intent is non-binding; loan terms to be negotiated and executed later.