OTHERAPPROVED

Economic Development Incentive Awarded to Nicolock Paving Stones LLC

The Concord City Council approved a three-year, 85% tax-based economic development incentive grant for Nicolock Paving Stones, LLC to locate a new facility at 3010 New Town Way SW, with an estimated $10.6 million investment. The total value of the City's grant is approximately $98,926.

Status
APPROVED
Document date
July 8, 2025
Contract type
OTHER
Vendor
Nicolock Paving Stones Llc
Agency
City of Concord city · NC

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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
Estimated value $98,926 (3-year incentive), $10,550,820 investment
Contract type
OTHER
Contract term
Three years
Renewal date
2028-07-08
Renewal
Original agreement approved in 2023 expired; this is a new three-year agreement.
Document type
Minutes
Source document
Concord City Council Work Session Minutes July 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Concord city?

Nicolock Paving Stones Llc was awarded this government contract by City of Concord city, as recorded on July 8, 2025. The contract value is Estimated value $98,926 (3-year incentive), $10,550,820 investment.

How much is the Nicolock Paving Stones Llc contract with City of Concord city worth?

The Nicolock Paving Stones Llc contract with City of Concord city is valued at Estimated value $98,926 (3-year incentive), $10,550,820 investment.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Concord City Council Work Session Minutes July 2025 (Minutes), dated July 8, 2025 from City of Concord city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Nicolock Paving Stones Llc hold?

Nicolock Paving Stones Llc 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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What is City of Concord city currently buying?

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

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