City of Hickory Awards $8,884,044 Economic Development Incentives Contract to Corning Optical Communications (October 2025)
City of HickoryCity · Hickory, NC- Disclosed value
- $8,884,044
- From minutes
- Approved
- Oct 15, 2025
- Term
- 6 years
The 30-second brief
The City Council approved an economic development agreement with Corning Optical Communications LLC, providing incentives of $8,884,044 to support a minimum investment of $170 million, the creation of 132 jobs at above-average salaries and the construction of a new facility. Incentives include land grants, performance-based grants linked to tax receipts, and long-term job maintenance requirements.
Corning Optical Communications holds this economic development incentives contract with City of Hickory. Its other public contracts on record include work for Catawba County and Catawba Valley Community College.
Term as filed: 6 years.
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Contract details
- Contract type
- Economic Development Incentives
- Amount
- $8,884,044
- Document date
- October 15, 2025
- Term
- 6 years
- Agency
- City of Hickory
- Source document
- city-of-hickory-city-council-meeting-minutes-october-15-2025_7f6.pdf (Minutes)
Corning Optical Communications's other public contracts
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Questions about this contract
Who was awarded the economic development incentives contract by City of Hickory?
Corning Optical Communications was awarded this economic development incentives contract by City of Hickory, as recorded on October 15, 2025. The contract value is $8,884,044.
How much is the Corning Optical Communications contract with City of Hickory worth?
The Corning Optical Communications contract with City of Hickory is valued at $8,884,044, covering economic development incentives work.
What type of contract is this?
This is a Economic Development Incentives contract, documented as a minutes record.
Where was this contract approved?
This contract appears in city-of-hickory-city-council-meeting-minutes-october-15-2025_7f6.pdf (Minutes), dated October 15, 2025 from City of Hickory. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Corning Optical Communications hold?
Corning Optical Communications 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 City of Hickory currently buying?
Explore City of Hickory's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.