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City Considers $749K Incentive for HSREI, LLC Expansion

Town of Concord
Disclosed value
$749,700
From minutes
Document date
Feb 11, 2025
Term
3 years

The 30-second brief

What it covers

HSREI, LLC proposes to develop another building at the Advanced Manufacturing Center (AMC) on 10 acres adjacent to Hendrick Motorsports campus. The city's three-year/85% grant is estimated to equal $749,700.

Who holds it

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

What happens next

Term as filed: 3 years.

See who signed off on this $749.7K contract.

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Contract details

Contract type
Economic Incentive Grant
Amount
$749,700
Document date
February 11, 2025
Term
3 years
Vendor
HSREI
Agency
Town of Concord
Source document
concord-city-council-work-session-minutes-february-11-2025_c43.pdf (Minutes)

HSREI's other public contracts

City of Concord city, North CarolinaConcord considers $749K Grant for HSREI, LLC · Feb 13, 2025$749.7KHousing Authority of the city of Concord, North CarolinaCity of Concord considers HSREI Economic Development Grant · Feb 13, 2025$749.7KTown of Concord, OhioHSREI, LLC receives economic development grant · Feb 13, 2025$749.7KTown of Concord, ArkansasHSREI awarded $749,700 economic grant by Concord · Feb 13, 2025$749.7KTown of Concord, OhioHSREI, LLC: $750K Economic Development Grant considered · Feb 13, 2025$749.7KAll HSREI contractsVendor profile

More Town of Concord contracts

Sealand ContractorsSealand Contractors to rehabilitate apron at Concord-Padgett airport · Jul 10, 2025$2.7MWesco DistributionSourceWell used to purchase $960K wiring from WESCO · Jul 10, 2025$959.9KWesco DistributionWesco Distribution secures $960K for electrical conductor purchase · Jul 10, 2025$959.9KUrban SolarUrban Solar bid accepted for transit lighting upgrade · Jul 10, 2025$136.9KUrban SolarUrban Solar wins $137K Lighting Replacement project · Jul 10, 2025$136.9KAll Town of Concord activityAgency profile

Questions about this contract

Who was awarded the economic incentive grant contract by Town of Concord?

HSREI was awarded this economic incentive grant contract by Town of Concord, as recorded on February 11, 2025. The contract value is $749,700.

How much is the HSREI contract with Town of Concord worth?

The HSREI contract with Town of Concord is valued at $749,700, covering economic incentive grant work.

What type of contract is this?

This is a Economic Incentive Grant contract, documented as a minutes record.

Where was this contract approved?

This contract appears in concord-city-council-work-session-minutes-february-11-2025_c43.pdf (Minutes), dated February 11, 2025 from Town of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does HSREI hold?

HSREI 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 Concord currently buying?

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

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