Town of Rocky Mount Council Meeting Agenda April 13 2026
Town performance grant agreement with Cornerstone
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Description
The Town of Rocky Mount plans to execute a performance agreement with Cornerstone Building Brands to provide a $33,330 local performance grant as part of an incentive package for the company’s facility expansion. The grant serves as the Town’s local match to a state Development Opportunity Fund award and is contingent on specified investment and job creation targets through September 30, 2028.
Contract Details
Contract Amount
$33,330
Vendor
CORNERSTONE BUILDING BRANDS
Agency
Town of Rocky Mount, VA
Contract Type
FINANCIAL_SERVICES
Document Date
April 13, 2026
Contract Term
Through Performance Date of September 30, 2028, subject to achievement of investment and job targets
Renewal Date
2028-09-30
Renewal Info
Single performance-based grant; payment in a lump sum once capital investment and job targets are verified as of September 30, 2028. No renewals are contemplated, but the performance date may be extended up to 12 months at the Town’s discretion if at least 90% of targets are not met.
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Town of Rocky Mount Council Meeting Agenda April 13 2026
Town of Rocky Mount Council Meeting Agenda April 13 2026
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