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Concord Considers $743K Grant for Motorsport IP

City of Concord city
Disclosed value
$743,453
From agenda
Document date
Feb 13, 2025
Term
3 years

The 30-second brief

What it covers

City of Concord considers offering a contract for a three-year/85% tax-based economic development grant to Motorsport IP Acquisition Co. I, LLC, estimated to equal $743,453 depending on actual investment.

Who holds it

Motorsport Ip Acquisition holds this economic development grant contract with City of Concord city. Its other public contracts on record include work for Housing Authority of the city of Concord and Town of Concord.

What happens next

Term as filed: 3 years.

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Contract details

Contract type
Economic Development Grant
Amount
$743,453
Document date
February 13, 2025
Term
3 years
Vendor
Motorsport Ip Acquisition
Agency
City of Concord city
Source document
city-of-concord-cityagenda2025-02-13_c0c.pdf (Agenda)

Motorsport Ip Acquisition's other public contracts

Housing Authority of the city of Concord, North CarolinaCity of Concord considers Motorsport IP Economic Grant · Feb 13, 2025$743.5KTown of Concord, OhioMotorsport IP awarded economic development grant · Feb 13, 2025$743.5KTown of Concord, NebraskaMotorsport IP Acquisition Co. receive $743K economic grant · Feb 13, 2025$743.5KTown of Concord, ArkansasMotorsport IP Acquisition could receive $743,453 grant · Feb 13, 2025$743.5KTown of Concord, NebraskaMotorsport IP Acquisition Receives $743,453 Economic Grant · Feb 13, 2025$743.5KAll Motorsport Ip Acquisition contractsVendor profile

More City of Concord city contracts

Rocky River Apartments LLCConcord Approves Rocky River Stormwater Agreement · Sep 10, 2026UndisclosedMusgrave Charlotte Realty Partners LLCConcord Approves Musgrave Stormwater Easement Agreement · Sep 10, 2026UndisclosedWesco Distribution IncWESCO Transformer Purchase Recommended for Concord Inventory · Sep 10, 2026$126.2KWesco Distribution IncConcord Buys Transformers From WESCO for Inventory · Sep 10, 2026$126.2KMusgrave Charlotte Realty Partners LLCStormwater Maintenance Agreement Recommended with Musgrave · Sep 10, 2026UndisclosedAll City of Concord city activityAgency profile

Questions about this contract

Who was awarded the economic development grant contract by City of Concord city?

Motorsport Ip Acquisition was awarded this economic development grant contract by City of Concord city, as recorded on February 13, 2025. The contract value is $743,453.

How much is the Motorsport Ip Acquisition contract with City of Concord city worth?

The Motorsport Ip Acquisition contract with City of Concord city is valued at $743,453, covering economic development grant work.

What type of contract is this?

This is a Economic Development Grant contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-concord-cityagenda2025-02-13_c0c.pdf (Agenda), dated February 13, 2025 from City of Concord city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Motorsport Ip Acquisition hold?

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

What is City of Concord city currently buying?

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

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