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Incentive grant for Hood Ventures considered

Town of Concord
Disclosed value
$172,431
From minutes
Document date
Nov 12, 2024
Term
1 year

The 30-second brief

What it covers

Concord considers offering a one-year, 85% tax-based incentive grant to Hood Ventures, LLC, for locating at 112-142 Cabarrus Ave. E, with an estimated grant value of $172,431 based on a $48.3 million investment.

Who holds it

Hood Ventures holds this incentive grant contract with Town of Concord. Its other public contracts on record include work for City of Concord city.

What happens next

Term as filed: 1 year.

See who signed off on this $172.4K contract.

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Contract details

Contract type
Incentive Grant
Amount
$172,431
Document date
November 12, 2024
Term
1 year
Vendor
Hood Ventures
Agency
Town of Concord
Source document
town-of-concord-work-session-meeting-minutes-november-12-2024_f24.pdf (Minutes)

Hood Ventures's other public contracts

Town of Concord, OhioHood Ventures proposed for Tax Incentive Grant · Nov 14, 2024UndisclosedCity of Concord city, North CarolinaEconomic incentive grant for Hood Ventures LLC · Nov 14, 2024UndisclosedTown of Concord, OhioEconomic Development Incentive Grant for Hood Ventures · Nov 14, 2024$172.4KTown of Concord, OhioHood Ventures' grant to locate to city. · Nov 14, 2024UndisclosedCity of Concord city, North Carolinacity-of-concord-city-agenda-2024-11-14_9c6.pdf · Nov 14, 2024UndisclosedAll Hood Ventures contractsVendor profile

More Town of Concord contracts

EDIFICEEdifice for $579,274 Communication & Emergency Operation · Jul 10, 2025$579.3KTalbert Bright & EllingtonTalbert, Bright & Ellington wins $399K road contract · Jul 10, 2025$399.4KSealand ContractorsSealand Contractors Corp with $2.6M rehabilitation Contract · Jul 10, 2025$2.7MUrban SolarUrban Solar awarded $136K Bus Stop Solar project · Jul 10, 2025$136.9KNicolock Paving StonesConcord Considers Grant to Nicolock Paving Stones, LLC · Jul 10, 2025$98.9KAll Town of Concord activityAgency profile

Questions about this contract

Who was awarded the incentive grant contract by Town of Concord?

Hood Ventures was awarded this incentive grant contract by Town of Concord, as recorded on November 12, 2024. The contract value is $172,431.

How much is the Hood Ventures contract with Town of Concord worth?

The Hood Ventures contract with Town of Concord is valued at $172,431, covering incentive grant work.

What type of contract is this?

This is a Incentive Grant contract, documented as a minutes record.

Where was this contract approved?

This contract appears in town-of-concord-work-session-meeting-minutes-november-12-2024_f24.pdf (Minutes), dated November 12, 2024 from Town of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hood Ventures hold?

Hood Ventures may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Town of Concord currently buying?

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

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