Transylvania County Board of Commissioners Meeting Minutes October 2023
Pisgah Labs Incentive Agreement Amended and Extended
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Description
Transylvania County approved an amendment to its $1.87 million incentive agreement with Pisgah Labs, extending the timeline for required investments and corresponding incentive payments without increasing the total award. This move accommodates delays due to supply chain issues and supports continued job creation and business investment.
Contract Details
Contract Amount
$1,870,919.49 (total incentives)
Vendor
PISGAH LABS
Agency
Transylvania County, NC
Contract Type
OTHER
Document Date
October 23, 2023
Contract Term
Extended, last payment as late as 2040
Renewal Date
2040-12-31
Renewal Info
Amended to extend the performance window; all original job creation and investment requirements retained. Total incentive does not increase; pays through 2040 if needed.
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