Claremont Approves Prysmian Economic Development Agreement

The City of Claremont approved an Economic Development Agreement with Prysmian Cables and Systems USA LLC under Resolution 04-27. The agreement provides a ten-year performance-based property tax incentive structure for Prysmian's proposed expansion, which is expected to involve $1 billion in capital investment and 385 new full-time jobs.

Document date · September 1, 2026

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Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

Ten-year incentive structure

Renewal date

2036-09-01

Renewal

Ten-year incentive structure; the document does not state renewal or extension options.

Document type

Minutes

Source document

City of Claremont Minutes Special Called Meeting 2026-09-01

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Claremont?

Prysmian Cables & Systems Usa Llc was awarded this government contract by City of Claremont, as recorded on September 1, 2026.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Claremont Minutes Special Called Meeting 2026-09-01 (Minutes), dated September 1, 2026 from City of Claremont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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

Prysmian Cables & 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.

View Prysmian Cables & Systems Usa Llc's profile

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