town-of-madison-board-of-aldermen-meeting-agenda-october-9-2025_bab.pdf
Town approves $25M grant for Enovum NC-1
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Description
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.
Contract Details
Contract Amount
$25,400,000
Vendor
ENOVUM NC1 BIDCO
Agency
Town of Madison, IN
Contract Type
Economic Development Grant
Document Date
October 9, 2025
Contract Term
2025-2033
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