City of Gadsden Awards $5,500,000 Tax Abatement Agreement Contract to Prince Metal Stamping USA (February 2025)
City of GadsdenCity · Gadsden, AL- Disclosed value
- $5,500,000.00
- From meeting minutes
- Approved
- Feb 18, 2025
- Term
- 10 years
The 30-second brief
Tax abatement agreement with Prince Metal Stamping USA, Inc. for non-educational construction and property taxes for a period of 10 years, with a capital investment of $5,500,000.00, retaining 340 jobs and generating $120,000.00 for schools.
Prince Metal Stamping USA holds this tax abatement agreement contract with City of Gadsden. Its other public contracts on record include work for Gadsden-Etowah MPO.
Term as filed: 10 years.
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Contract details
- Contract type
- Tax Abatement Agreement
- Amount
- $5,500,000.00
- Document date
- February 18, 2025
- Term
- 10 years
- Agency
- City of Gadsden
- Source document
- city-of-gadsden-meeting-minutes-2025-02-18_f47.pdf (Meeting Minutes)
Prince Metal Stamping USA's other public contracts
More City of Gadsden contracts
Questions about this contract
Who was awarded the tax abatement agreement contract by City of Gadsden?
Prince Metal Stamping USA was awarded this tax abatement agreement contract by City of Gadsden, as recorded on February 18, 2025. The contract value is $5,500,000.00.
How much is the Prince Metal Stamping USA contract with City of Gadsden worth?
The Prince Metal Stamping USA contract with City of Gadsden is valued at $5,500,000.00, covering tax abatement agreement work.
What type of contract is this?
This is a Tax Abatement Agreement contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-gadsden-meeting-minutes-2025-02-18_f47.pdf (Meeting Minutes), dated February 18, 2025 from City of Gadsden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Prince Metal Stamping USA hold?
Prince Metal Stamping USA 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 Gadsden currently buying?
Explore City of Gadsden's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.