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Motorsport IP awarded three-year economic grant

Town of Concord
Disclosed value
$743,453
From agenda
Document date
Feb 13, 2025
Term
3 years

The 30-second brief

What it covers

Motorsport IP Acquisition Co. I, LLC will receive a three-year grant totaling $743,453 to establish a location at 4295 Defender Way, Concord, NC 28027, and 4540 Fortune Ave NW, Concord, NC 28027. This is in support of Cadillac F1 vehicle development.

Who holds it

Motorsport Ip Acquisition holds this grant contract with Town of Concord. Its other public contracts on record include work for City of Concord city and Housing Authority of the city of Concord.

What happens next

Term as filed: 3 years.

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Contract details

Contract type
Grant
Amount
$743,453
Document date
February 13, 2025
Term
3 years
Vendor
Motorsport Ip Acquisition
Agency
Town of Concord
Source document
town-of-concordagenda2025-02-13_284.pdf (Agenda)

Motorsport Ip Acquisition's other public contracts

City of Concord city, North CarolinaConcord Considers $743K Grant for Motorsport IP · Feb 13, 2025$743.5KHousing Authority of the city of Concord, North CarolinaCity of Concord considers Motorsport IP Economic Grant · Feb 13, 2025$743.5KTown of Concord, OhioMotorsport IP awarded economic development grant · Feb 13, 2025$743.5KTown of Concord, NebraskaMotorsport IP Acquisition Co. receive $743K economic grant · Feb 13, 2025$743.5KTown of Concord, ArkansasMotorsport IP Acquisition could receive $743,453 grant · Feb 13, 2025$743.5KAll Motorsport Ip Acquisition contractsVendor profile

More Town of Concord contracts

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Questions about this contract

Who was awarded the grant contract by Town of Concord?

Motorsport Ip Acquisition was awarded this grant contract by Town of Concord, as recorded on February 13, 2025. The contract value is $743,453.

How much is the Motorsport Ip Acquisition contract with Town of Concord worth?

The Motorsport Ip Acquisition contract with Town of Concord is valued at $743,453, covering grant work.

What type of contract is this?

This is a Grant contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-concordagenda2025-02-13_284.pdf (Agenda), dated February 13, 2025 from Town of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Motorsport Ip Acquisition hold?

Motorsport Ip Acquisition 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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