town-of-concordagenda2023-11-09_b9c.pdf
Economic Incentive Grant Considered for Nicolock Paving Stones
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Description
The City Council is considering approval of a contract granting an 85% tax-based economic development incentive grant to Nicolock Paving Stones, LLC, estimated at $231,826 over three years for the establishment of a manufacturing facility. The incentive is tied to a $22 million investment and job creation.
Contract Details
Contract Amount
Estimated total $231,826 grant (over three years)
Vendor
NICOLOCK PAVING STONES LLC
Agency
Town of Concord, OH
Contract Type
FINANCIAL_SERVICES
Document Date
November 9, 2023
Contract Term
One-year/85% tax-based grant (with mention of a three-year total grant)
Renewal Date
2026-12-31
Renewal Info
Three-year grant term; renewal subject to future Council action or additional agreements.
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