OTHERAPPROVED

Hickory approves Goldhofer incentives and land conveyance

Hickory City Council approved an Economic Development Agreement with Goldhofer Inc., authorizing conveyance of Lot 5 in Trivium Corporate Center and up to $270,000 in performance-based incentive grants over three years. The deal requires Goldhofer to invest at least $22.5 million and create 80 new jobs by 2030 at above-median wages.

Status
APPROVED
Document date
June 30, 2026
Contract type
OTHER
Vendor
Goldhofer Inc
Agency
City of Hickory city · NC

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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
Approximately $556,000 land purchase price; $90,000 per year for 3 years (up to $270,000) incentive grant from City of Hickory; $90,000 per year for 3 years (up to $270,000) incentive grant from Catawba County
Contract type
OTHER
Contract term
Land conveyance for Lot 5; incentive performance period through December 31, 2030 with three annual grant payments
Renewal date
2030-12-31
Renewal
EDA requires minimum $22.5 million investment and 80 jobs maintained for at least three years by December 31, 2030; City will make three annual incentive payments of $90,000 each based on documented performance, with clawbacks and recovery rights if Goldhofer fails to meet investment or job targets or other conditions.
Document type
Minutes
Source document
City of Hickory and Catawba County Special Joint Meeting Minutes 2026-06-30

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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 Hickory city?

Goldhofer Inc was awarded this government contract by City of Hickory city, as recorded on June 30, 2026. The contract value is Approximately $556,000 land purchase price; $90,000 per year for 3 years (up to $270,000) incentive grant from City of Hickory; $90,000 per year for 3 years (up to $270,000) incentive grant from Catawba County.

How much is the Goldhofer Inc contract with City of Hickory city worth?

The Goldhofer Inc contract with City of Hickory city is valued at Approximately $556,000 land purchase price; $90,000 per year for 3 years (up to $270,000) incentive grant from City of Hickory; $90,000 per year for 3 years (up to $270,000) incentive grant from Catawba County.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Hickory and Catawba County Special Joint Meeting Minutes 2026-06-30 (Minutes), dated June 30, 2026 from City of Hickory city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Goldhofer Inc hold?

Goldhofer Inc 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 City of Hickory city currently buying?

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

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