CONTRACTRECOMMENDED

Five-Year Tax Incentive Proposed for Concord Commerce Park

Disclosed value: Estimated value of $2,550,000 (5-year/85% tax-based grant); From agenda
Document date: Jan 11, 2024
Term: Five years
Renews: Mar 2027; Free account

What it covers

The Concord City Council is considering approval of a five-year, 85% tax-based infrastructure development grant for Concord Commerce Park, supporting a major new manufacturing and distribution complex. The proposed total value of the grant is estimated at $2,550,000, with the incentive stimulating a $125 million investment in the city.

Who holds it

Concord Commerce Park holds this contract with Town of Concord. Its other public contracts on record include work for City of Concord city.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every Town of Concord contract.

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Contract details

Amount: Estimated value of $2,550,000 (5-year/85% tax-based grant)
Document date: January 11, 2024
Term: Five years
Renews: Free account
Vendor: Concord Commerce Park
Agency: Town of Concord
Source document: town-of-concord-city-council-agenda-january-11-2024_8ac.pdf (Agenda)

Concord Commerce Park's other public contracts

City of Concord city, North CarolinaUtility Easement and Right-of-Way Dedications Accepted for Concord Commerce Park · Jan 8, 2026Undisclosed Town of Concord, OhioConcord Commerce Park Receives $2.55M Infrastructure Development Grant · Jan 11, 2024$2.6M Town of Concord, OhioConcord Commerce Park could receive $2.5 million grant · Jan 11, 2024$2.6M Town of Concord, OhioConcord considers grant for Commerce Park Development · Jan 11, 2024Undisclosed City of Concord city, North Carolinacity-of-concord-city-agenda-2024-01-11_59a.pdf · Jan 11, 2024$2.6M All Concord Commerce Park contractsVendor profile

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Questions about this contract

Who was awarded the government contract by Town of Concord?

Concord Commerce Park was awarded this government contract by Town of Concord, as recorded on January 11, 2024. The contract value is Estimated value of $2,550,000 (5-year/85% tax-based grant).

How much is the Concord Commerce Park contract with Town of Concord worth?

The Concord Commerce Park contract with Town of Concord is valued at Estimated value of $2,550,000 (5-year/85% tax-based grant).

What type of contract is this?

This is a government contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-concord-city-council-agenda-january-11-2024_8ac.pdf (Agenda), dated January 11, 2024 from Town of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Concord Commerce Park hold?

Concord Commerce Park 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 Town of Concord currently buying?

Explore Town of Concord's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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