Economic incentive grant for Hood Ventures LLC
City of Concord cityCity · Concord, NC- Document date
- Nov 14, 2024
- Term
- 1 year
The 30-second brief
City of Concord to offer Hood Ventures, LLC a one-year economic development incentive grant to locate at 112, 116, 130, and 142 Cabarrus Ave. E. The grant, based on 85% tax, aims to stimulate private sector expansion and mixed-use development, contributing $48.3 million in real/personal property investment, potentially generating $172,431 in grant value and $30,429 in net revenue.
Hood Ventures holds this economic development incentive grant contract with City of Concord city. Its other public contracts on record include work for Town of Concord.
Term as filed: 1 year.
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Contract details
- Contract type
- Economic Development Incentive Grant
- Document date
- November 14, 2024
- Term
- 1 year
- Vendor
- Hood Ventures
- Agency
- City of Concord city
- Source document
- city-of-concord-city-agenda-2024-11-14_037.pdf (Agenda)
Hood Ventures's other public contracts
More City of Concord city contracts
Questions about this contract
Who was awarded the economic development incentive grant contract by City of Concord city?
Hood Ventures was awarded this economic development incentive grant contract by City of Concord city, as recorded on November 14, 2024.
What type of contract is this?
This is a Economic Development Incentive Grant contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-concord-city-agenda-2024-11-14_037.pdf (Agenda), dated November 14, 2024 from City of Concord city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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.
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What is City of Concord city currently buying?
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