Town of Concord Awards $743,453 Economic Development Grant Contract to Motorsport Ip Acquisition (February 2025)
Town of ConcordCity · NE- Disclosed value
- $743,453
- From minutes
- Approved
- Feb 13, 2025
- Term
- 3 years
The 30-second brief
Motorsport IP Acquisition Co. I, LLC awarded a three-year economic development grant estimated at $743,453, to support the development of a power unit for the Cadillac F1 vehicle, investing $75-$85 million in personal property, city anticipates a net revenue of $131,198 after the incentive payments.
Motorsport Ip Acquisition holds this economic development 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.
Term as filed: 3 years.
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Contract details
- Contract type
- Economic Development Grant
- Amount
- $743,453
- Document date
- February 13, 2025
- Term
- 3 years
- Agency
- Town of Concord
- Source document
- town-of-concord-city-council-meeting-minutes-february-13-2025_783.pdf (Minutes)
Motorsport Ip Acquisition's other public contracts
More Town of Concord contracts
Questions about this contract
Who was awarded the economic development grant contract by Town of Concord?
Motorsport Ip Acquisition was awarded this economic development 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 economic development grant work.
What type of contract is this?
This is a Economic Development Grant contract, documented as a minutes record.
Where was this contract approved?
This contract appears in town-of-concord-city-council-meeting-minutes-february-13-2025_783.pdf (Minutes), 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.