City Considers BIG Incentive for SMBC Headquarters

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $852,036 over 10 years

Contract type

FINANCIAL_SERVICES

Contract term

10 years

Renewal

Business Investment Grant includes clawback requirements if SMBC removes or relocates the investment during the grant term or within 10 years after the term; no automatic renewal is described.

Document type

Agenda

Source document

City of Charlotte City Council Business Meeting Agenda May 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 City of Charlotte?

Sumitomo Mitsui Banking Corporation was awarded this financial services contract by City of Charlotte, as recorded on May 11, 2026. The contract value is Not to exceed $852,036 over 10 years.

How much is the Sumitomo Mitsui Banking Corporation contract with City of Charlotte worth?

The Sumitomo Mitsui Banking Corporation contract with City of Charlotte is valued at Not to exceed $852,036 over 10 years, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Charlotte City Council Business Meeting Agenda May 2026 (Agenda), dated May 11, 2026 from City of Charlotte. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sumitomo Mitsui Banking Corporation hold?

Sumitomo Mitsui Banking Corporation 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 Sumitomo Mitsui Banking Corporation's profile

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