housing-authority-of-the-city-of-concord-agenda-2023-11-09_435.pdf
Economic Incentive Grant Considered for Nicolock Paving Stones Facility
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Description
The City Council considered a three-year, 85% tax-based infrastructure development grant for Nicolock Paving Stones, LLC as an incentive for the company to construct a new $22 million manufacturing facility in Concord. The total value of the grant is estimated at $231,826, depending on the company's actual investment.
Contract Details
Contract Amount
Estimated $231,826 (total over 3 years, grant is 85% reimbursement)
Vendor
NICOLOCK PAVING STONES LLC
Agency
Housing Authority of the city of Concord, NC
Contract Type
FINANCIAL_SERVICES
Document Date
November 9, 2023
Contract Term
Three years (Year 1, Year 2, Year 3)
Renewal Date
2026-11-09
Renewal Info
Standard three-year term, grant paid annually based on performance metrics. No auto-renewal.
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APPROVEDPlanning Board Meeting Agenda May 2026
DISCUSSEDConcord City Council Work Session Minutes July 2025
APPROVEDtown-of-concordagenda2023-11-09_b9c.pdf
PENDINGtown-of-concord-meeting-minutes-2023-11-09_621.pdf
APPROVEDIssuing Agency
Housing Authority of the city of Concord
Local Housing Authority
Concord, NC
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