City of Eden Awards Financial Services Contract to Tsea Energy (May 2026)

The Eden City Council approved an economic development performance agreement granting up to $177,000 to TSEA Energy (Project Parrot), tied to a $24 million investment and 158 new full-time jobs at 816 Fieldcrest Road. Incentive payments will be made annually through 2031 based on net new tax revenues and compliance with investment and employment targets.

Scope & details

The full contract record, as filed.

Contract amount

Up to $177,000 City grant; also references $500,000 state building reuse grant and OneNC award

Contract type

FINANCIAL_SERVICES

Contract term

City incentive performance period: December 31, 2026 through December 31, 2031

Renewal date

2031-12-31

Renewal

Performance agreement runs through December 31, 2031 with annual incentive installments; no automatic renewal mentioned.

Document type

AgendaPacket

Source document

Eden City Council AgendaPacket 2026-05-19

Related contracts

Other contracts from Tsea Energy.

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City of Eden Minutes 2026-04-21

APPROVED

City of Eden, North CarolinaNot to exceed $177,000Apr 21, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Eden?

Tsea Energy was awarded this financial services contract by City of Eden, as recorded on May 19, 2026. The contract value is Up to $177,000 City grant; also references $500,000 state building reuse grant and OneNC award.

How much is the Tsea Energy contract with City of Eden worth?

The Tsea Energy contract with City of Eden is valued at Up to $177,000 City grant; also references $500,000 state building reuse grant and OneNC award, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Eden City Council AgendaPacket 2026-05-19 (AgendaPacket), dated May 19, 2026 from City of Eden. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Tsea Energy hold?

Tsea Energy 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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Explore City of Eden's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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