Catawba County Awards Financial Services Contract to Prysmian Cables and Systems Usa Llc (September 2026)

Scope & details

The full contract record, as filed.

Contract amount

Maximum Total Incentive Payments $27,328,135; annual caps per Chart B ranging from $1,721,520 to $3,267,700

Contract type

FINANCIAL_SERVICES

Contract term

Grant Years 1–10 (Tax Years 2027–2036); Improvement Periods July 1, 2026 – December 31, 2031; plus 3-year Investment Maintenance Period and 3-year Jobs Maintenance Period after final incentive payment

Renewal

Agreement term runs through completion of all incentive payments plus a three-year Investment Maintenance Period and a three-year Jobs Maintenance Period; no automatic renewals are described. Incentive obligation may be terminated upon specified Events of Default, including failure to invest at least 60% of the minimum investment, recurring job shortfalls, or insolvency/cessation of operations. After an investment default where more than 60% of the minimum investment is achieved and clawback is paid, grants may continue for Grant Years 5–10 on a reduced tax base and actual job performance.

Document type

Agreement

Source document

Catawba County Agreement Economic Development Agreement for Prysmian Cables and Systems USA, LLC 2026-09-01

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Marion Common Council Minutes 2026-06-16

PENDING

Town of Marion, IndianaNot less than $28,000,000 investment; 75% personal property tax abatement for 10 yearsJun 16, 2026

kentucky_economic_development_finance_authority_bo.pdf

AMENDED

Carter County, KentuckySep 29, 2022

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Catawba County?

Prysmian Cables and Systems Usa Llc was awarded this financial services contract by Catawba County, as recorded on September 1, 2026. The contract value is Maximum Total Incentive Payments $27,328,135; annual caps per Chart B ranging from $1,721,520 to $3,267,700.

How much is the Prysmian Cables and Systems Usa Llc contract with Catawba County worth?

The Prysmian Cables and Systems Usa Llc contract with Catawba County is valued at Maximum Total Incentive Payments $27,328,135; annual caps per Chart B ranging from $1,721,520 to $3,267,700, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record.

Where was this contract approved?

This contract appears in Catawba County Agreement Economic Development Agreement for Prysmian Cables and Systems USA, LLC 2026-09-01 (Agreement), dated September 1, 2026 from Catawba County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Prysmian Cables and Systems Usa Llc hold?

Prysmian Cables and Systems Usa Llc 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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