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Spantek secures economic incentive grant with Lincolnton.

City of Lincolnton logoCity of Lincolnton
Disclosed value
$60,093.75
From agenda
Document date
Feb 6, 2025
Term
5 years

The 30-second brief

What it covers

SPANTEK to receive $12,018.75 annually for five years, following a $3,850,000 investment and creation of 4 new jobs paying average wages of $1000 a week. If they invest less than that or do not provide jobs, the amount will be equitably adjusted upward or downward on a pro-rata basis or the City may seek reimbursement for the grant already paid for said year) in the amount of $1,000.00 per job shortfall.

Who holds it

SPANTEK holds this $12,018.75 annually contract with City of Lincolnton.

What happens next

Term as filed: 5 years.

See who signed off on this $60.1K contract.

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Contract details

Contract type
$12,018.75 Annually
Amount
$60,093.75
Document date
February 6, 2025
Term
5 years
Vendor
SPANTEK
Agency
City of Lincolnton
Source document
lincolnton-city-council-meeting-agenda-february-6-2025_37c.pdf (Agenda)

SPANTEK's other public contracts

City of Lincolnton, North CarolinaSpantek receives Economic Incentive Grant for expansion · Feb 6, 2025UndisclosedCity of Lincolnton, North CarolinaSpantek gets Lincolnton Economic Incentive Grant Agreement · Feb 6, 2025UndisclosedCity of Lincolnton, North CarolinaSPANTEK economic incentive grant agreement consideration · Feb 6, 2025UndisclosedCity of Lincolnton, North CarolinaLincolnton Considers Economic Incentive Grant for SPANTEK · Feb 6, 2025UndisclosedCity of Lincolnton, North CarolinaSPANTEK awarded $12,018.75 annual incentive grant for five years · Feb 6, 2025All SPANTEK contractsVendor profile

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Questions about this contract

Who was awarded the $12,018.75 annually contract by City of Lincolnton?

SPANTEK was awarded this $12,018.75 annually contract by City of Lincolnton, as recorded on February 6, 2025. The contract value is $60,093.75.

How much is the SPANTEK contract with City of Lincolnton worth?

The SPANTEK contract with City of Lincolnton is valued at $60,093.75, covering $12,018.75 annually work.

What type of contract is this?

This is a $12,018.75 Annually contract, documented as a agenda record.

Where was this contract approved?

This contract appears in lincolnton-city-council-meeting-agenda-february-6-2025_37c.pdf (Agenda), dated February 6, 2025 from City of Lincolnton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does SPANTEK hold?

SPANTEK 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 Lincolnton currently buying?

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

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