Performance grant incentive for M W Manufacturers expansion
Trusted by teams at
Description
Rocky Mount is preparing a performance agreement with M W Manufacturers Inc. to provide a grant of up to $33,330 as the Town’s local match to a $100,000 state Development Opportunity Fund award. The incentive is tied to M W Manufacturers’ planned $4.9 million facility expansion and creation of 50 new jobs by September 30, 2028.
Contract Details
Contract Amount
Up to $33,330
Vendor
M W MANUFACTURERS INC
Agency
Town of Rocky Mount, VA
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
Agreement effective upon execution in 2026 through Performance Date of September 30, 2028, plus compliance and record-keeping obligations for five years after each fiscal year; performance date may be extended up to 12 months
Renewal Date
2028-09-30
Renewal Info
One-time incentive agreement; no automatic renewals. The Town may extend the Performance Date by up to 12 months upon written request if at least 90% of capital investment and job targets are not achieved, or terminate the grant obligations if targets or reporting requirements are not met.
More from Town of Rocky Mount
Town of Rocky Mount Council Meeting Agenda May 2026
Town of Rocky Mount Council Meeting Agenda April 13 2026
Town of Rocky Mount Council Meeting Agenda April 2026
Town of Rocky Mount Council Meeting Agenda April 13 2026
Town of Rocky Mount Council Meeting Agenda April 2026
Get alerts on contract renewals, new awards, and vendor activity.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.