Concord City Council Work Session Minutes July 2025
Economic Development Incentive Awarded to Nicolock Paving Stones LLC
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Description
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.
Contract Details
Contract Amount
Estimated value $98,926 (3-year incentive), $10,550,820 investment
Vendor
NICOLOCK PAVING STONES LLC
Agency
City of Concord city, NC
Contract Type
OTHER
Document Date
July 8, 2025
Contract Term
Three years
Renewal Date
2028-07-08
Renewal Info
Original agreement approved in 2023 expired; this is a new three-year agreement.
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