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

Eden confirmed TSEA Energy as the company behind Project Parrot and approved an incentive of up to $177,000 in annual installments tied to investment and job creation benchmarks. The agreement supports state Building Reuse and OneNC grants while leveraging TSEA Energy’s planned $27 million investment and 158 new jobs.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $177,000

Contract type

FINANCIAL_SERVICES

Contract term

Annual installments; Company to maintain net new taxable investment and 158 jobs from December 31, 2026 through December 31, 2031

Renewal date

2031-12-31

Renewal

Performance agreement runs through 2031-12-31 with annual disbursements contingent on verified investment and job maintenance; no automatic renewal beyond term.

Document type

Minutes

Source document

City of Eden Minutes 2026-04-21

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Eden City Council AgendaPacket 2026-05-19

APPROVED

City of Eden, North CarolinaUp to $177,000 City grant; also references $500,000 state building reuse grant and OneNC awardMay 19, 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 April 21, 2026. The contract value is Not to exceed $177,000.

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

The Tsea Energy contract with City of Eden is valued at Not to exceed $177,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Eden Minutes 2026-04-21 (Minutes), dated April 21, 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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What is City of Eden currently buying?

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