FINANCIAL_SERVICESAMENDED

City Terminates Incentive Agreement with Microsoft

The Hickory City Council approved a Mutual Termination and Release Agreement with Microsoft Corporation, formally ending a 2022 economic development incentives contract under which no payments were made. Microsoft will proceed without local incentives and remain on the standard tax rolls.

Status
AMENDED
Document date
August 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Microsoft Corporation
Agency
City of Hickory city · NC

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TerraCycle logo
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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 type
FINANCIAL_SERVICES
Contract term
Economic Development Agreement dated November 9, 2022; terminated August 4, 2026
Renewal date
2026-08-04
Renewal
Mutual termination fully releases both parties from obligations under the 2022 Economic Development Agreement; no future renewals or incentive payments will occur.
Document type
Agenda
Source document
Hickory City Council Agenda 2026-08-18

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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 Hickory city?

Microsoft Corporation was awarded this financial services contract by City of Hickory city, as recorded on August 18, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Hickory City Council Agenda 2026-08-18 (Agenda), dated August 18, 2026 from City of Hickory city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Microsoft Corporation hold?

Microsoft Corporation 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 Hickory city currently buying?

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

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