FINANCIAL_SERVICESAPPROVED

City of Greensboro Awards Financial Services Contract to Project Atlas (June 2025)

The Greensboro City Council approved an economic development incentive agreement with Project Atlas, offering up to $1,000 per job plus potential $250 per qualifying job, with annual payments capped at $1.5 million. In return, the company plans to create 14,564 jobs with an average salary of $89,341 and invest approximately $4.724 billion at Piedmont Triad International Airport by 2036.

Status
APPROVED
Document date
June 12, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Project Atlas
Agency
City of Greensboro · NC

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $1,000 per job; annual installment payments not to exceed $1,500,000.00 per year; projected 14,564 jobs and $4,724,000,000.00 capital investment; potential additional $250.00 per job for qualifying employees
Contract type
FINANCIAL_SERVICES
Contract term
Jobs and investment to be created/made on or before December 31, 2036; incentive paid in annual installments after investment and job benchmarks are met
Renewal date
2036-12-31
Renewal
One-time incentive agreement tied to job creation and capital investment benchmarks through December 31, 2036; includes statutory recapture (clawback) provisions if job retention or investment levels are not met. No explicit renewal or extension options are described.
Document type
Minutes
Source document
City of Greensboro Special Council Meeting Minutes June 12 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Greensboro?

Project Atlas was awarded this financial services contract by City of Greensboro, as recorded on June 12, 2025. The contract value is Not to exceed $1,000 per job; annual installment payments not to exceed $1,500,000.00 per year; projected 14,564 jobs and $4,724,000,000.00 capital investment; potential additional $250.00 per job for qualifying employees.

How much is the Project Atlas contract with City of Greensboro worth?

The Project Atlas contract with City of Greensboro is valued at Not to exceed $1,000 per job; annual installment payments not to exceed $1,500,000.00 per year; projected 14,564 jobs and $4,724,000,000.00 capital investment; potential additional $250.00 per job for qualifying employees, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Greensboro Special Council Meeting Minutes June 12 2025 (Minutes), dated June 12, 2025 from City of Greensboro. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Project Atlas hold?

Project Atlas 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 Project Atlas's profile

What is City of Greensboro currently buying?

Explore City of Greensboro's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Greensboro's profile

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