FINANCIAL_SERVICESPENDING

County Weighs $5.5 Million Incentive for Prolec-GE Waukesha

Wayne County is considering an economic development agreement with Prolec-GE Waukesha that would provide up to $5,500,000 in performance-based incentives over ten years. In return, the company commits to invest $140,000,000 in facilities and equipment and create 330 jobs in Wayne County by the end of 2027.

Status
PENDING
Document date
May 20, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Prolec-ge Waukesha
Agency
Wayne County · NC

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$5,500,000
Contract type
FINANCIAL_SERVICES
Contract term
Payable over ten (10) years, expiring December 31, 2035
Renewal date
2035-12-31
Renewal
Grant expires December 31, 2035 and is payable annually based on achieving cumulative job and capital investment targets; unearned budgeted amounts may accrue and be paid once targets are met before expiration.
Document type
Agenda
Source document
wayne-county-board-of-commissioners-meeting-agenda-may-20-2025_465.pdf

Related contracts

Other contracts from Prolec-ge Waukesha.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Wayne County?

Prolec-ge Waukesha was awarded this financial services contract by Wayne County, as recorded on May 20, 2025. The contract value is $5,500,000.

How much is the Prolec-ge Waukesha contract with Wayne County worth?

The Prolec-ge Waukesha contract with Wayne County is valued at $5,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in wayne-county-board-of-commissioners-meeting-agenda-may-20-2025_465.pdf (Agenda), dated May 20, 2025 from Wayne County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Prolec-ge Waukesha hold?

Prolec-ge Waukesha 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 Prolec-ge Waukesha's profile

What is Wayne County currently buying?

Explore Wayne County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Wayne County's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free