OTHERAPPROVED

Wilson County Board of Commissioners Meeting Agenda October 2024

Five-Year Economic Incentive Approved for Believer Meats

Not to exceed $3,750,000 (County's portion is up to $1,875,000) over five years, contingent on ad valorem taxes paid by companyWilson CountyBELIEVER MEATSOctober 7, 2024

Trusted by teams at

Description

Wilson County Board of Commissioners approved a five-year economic incentive up to $3.75 million (County share up to $1.875 million) for Believer Meats to support the construction of a new manufacturing facility, expected to create at least 80 jobs and spur a $180 million investment.

Contract Details

Contract Amount

Not to exceed $3,750,000 (County's portion is up to $1,875,000) over five years, contingent on ad valorem taxes paid by company

Vendor

BELIEVER MEATS

Agency

Wilson County, NC

Contract Type

OTHER

Document Date

October 7, 2024

Contract Term

Five (5) years

Renewal Date

2029-09-09

Renewal Info

Incentive is paid annually, contingent on ad valorem taxes paid by the company each year, over a maximum 5-year period. The annual incentive will not exceed the total County taxes paid by Believer Meats in each respective fiscal year.