Economic Development Grantpending

Town approves $25M grant for Enovum NC-1

Town of Madison approves economic development grant of $25.4 million for Enovum NC-1 Bidco LLC to support investment of up to $1 billion. Company will create 31 full-time positions by December 2028. Grant payments are tied to investment and employment benchmarks.

Document date · October 9, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$25,400,000
Contract type
Economic Development Grant
Contract term
2025-2033
Document type
Agenda
Source document
town-of-madison-board-of-aldermen-meeting-agenda-october-9-2025_bab.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the economic development grant contract by Town of Madison?

Enovum Nc1 Bidco was awarded this economic development grant contract by Town of Madison, as recorded on October 9, 2025. The contract value is $25,400,000.

How much is the Enovum Nc1 Bidco contract with Town of Madison worth?

The Enovum Nc1 Bidco contract with Town of Madison is valued at $25,400,000, covering economic development grant work.

What type of contract is this?

This is a Economic Development Grant contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-madison-board-of-aldermen-meeting-agenda-october-9-2025_bab.pdf (Agenda), dated October 9, 2025 from Town of Madison. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Enovum Nc1 Bidco hold?

Enovum Nc1 Bidco may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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