Town of East Laurinburg Awards Incentive Agreement Contract to Bailey Manufacturing (April 2025)
Town of East LaurinburgCity · NC- Disclosed value
- $16,800 annually, may be reimbursed $12,600 annually after 4 year term
- From meeting minutes
- Approved
- Apr 22, 2025
- Term
- 4 years with post-evaluation
The 30-second brief
The City of Laurinburg approves an incentive agreement with Bailey Manufacturing Company, offering a 75% tax reimbursement potentially reimbursing $12,600 annually after a four-year term, contingent on performance markers. The company plans to invest $4.2 million and create 35 jobs.
Bailey Manufacturing holds this incentive agreement contract with Town of East Laurinburg.
Term as filed: 4 years with post-evaluation.
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Contract details
- Contract type
- Incentive Agreement
- Amount
- $16,800 annually, may be reimbursed $12,600 annually after 4 year term
- Document date
- April 22, 2025
- Term
- 4 years with post-evaluation
- Vendor
- Bailey Manufacturing
- Agency
- Town of East Laurinburg
- Source document
- town-of-east-laurinburg-meeting-minutes-2025-04-22_bb1.pdf (Meeting Minutes)
More Town of East Laurinburg contracts
Questions about this contract
Who was awarded the incentive agreement contract by Town of East Laurinburg?
Bailey Manufacturing was awarded this incentive agreement contract by Town of East Laurinburg, as recorded on April 22, 2025. The contract value is $16,800 annually, may be reimbursed $12,600 annually after 4 year term.
How much is the Bailey Manufacturing contract with Town of East Laurinburg worth?
The Bailey Manufacturing contract with Town of East Laurinburg is valued at $16,800 annually, may be reimbursed $12,600 annually after 4 year term, covering incentive agreement work.
What type of contract is this?
This is a Incentive Agreement contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in town-of-east-laurinburg-meeting-minutes-2025-04-22_bb1.pdf (Meeting Minutes), dated April 22, 2025 from Town of East Laurinburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bailey Manufacturing hold?
Bailey Manufacturing 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 Town of East Laurinburg currently buying?
Explore Town of East Laurinburg's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.