Sanford Considers Incentive Agreement With Project Biobloom
City of SanfordCity · Sanford, NC- Document date
- Feb 20, 2024
The 30-second brief
Sanford is considering an economic development incentive agreement with Project Biobloom. The proposed seven-year incentive would return a percentage of company-generated ad valorem taxes, declining from 80% in the first two years to 60% in years five through seven.
Project Biobloom holds this contract with City of Sanford. Its other public contracts on record include work for Lee County.
Term as filed: Seven-year economic development incentive period referenced in the agenda materials.
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Contract details
- Document date
- February 20, 2024
- Term
- Seven-year economic development incentive period referenced in the agenda materials
- Vendor
- Project Biobloom
- Agency
- City of Sanford
- Source document
- city-of-sanford-agenda-2024-02-20_000.pdf (Agenda)
Project Biobloom's other public contracts
More City of Sanford contracts
Questions about this contract
Who was awarded the government contract by City of Sanford?
Project Biobloom was awarded this government contract by City of Sanford, as recorded on February 20, 2024.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-sanford-agenda-2024-02-20_000.pdf (Agenda), dated February 20, 2024 from City of Sanford. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Project Biobloom hold?
Project Biobloom 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 Sanford currently buying?
Explore City of Sanford's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.