FINANCIAL_SERVICESAPPROVED

Town of Benson Awards Financial Services Contract to Vulcan Elements (April 2026)

The Town of Benson approved an economic development incentive grant agreement with Vulcan Elements supporting a planned $826 million-plus investment and 900 new jobs. The 15-year grant rebates a portion of real and personal property taxes on a step‑down schedule tied to performance benchmarks.

Status
APPROVED
Document date
April 29, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Vulcan Elements
Agency
Town of Benson · NC

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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 type
FINANCIAL_SERVICES
Contract term
Years 1–15 with step‑down schedule
Renewal date
2040-12-31
Renewal
Agreement runs up to 15 years with declining reimbursement percentages; includes provisions to recalculate grant amounts if capital investment or job creation thresholds are not met.
Document type
Agenda
Source document
Town of Benson Board of Commissioners Special Meeting Agenda April 2026

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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 Benson?

Vulcan Elements was awarded this financial services contract by Town of Benson, as recorded on April 29, 2026.

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 Benson Board of Commissioners Special Meeting Agenda April 2026 (Agenda), dated April 29, 2026 from Town of Benson. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vulcan Elements hold?

Vulcan Elements 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 Vulcan Elements's profile

What is Town of Benson currently buying?

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

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