Wilmington Approves $2 Million Corning Incentive Agreement
City of WilmingtonCity · Wilmington, NC- Disclosed value
- Not to exceed $2,000,000
- From minutes
- Approved
- Oct 20, 2026
- Term
- Five years
- Renews
- Free account
The 30-second brief
Wilmington approved a performance-based economic development incentive agreement with Corning worth up to $2 million for Project Pearl II. The City will provide $400,000 annually for five years as Corning invests $585 million and creates 414 jobs, subject to performance requirements.
CORNING holds this contract with City of Wilmington. Its other public contracts on record include work for City of Pasadena and City of Manteca.
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Contract details
- Amount
- Not to exceed $2,000,000
- Document date
- October 20, 2026
- Term
- Five years
- Renews
- On record
- Vendor
- CORNING
- Agency
- City of Wilmington
- Source document
- City of Wilmington Minutes Regular City Council Meeting 2026-10-20 (Minutes)
CORNING's other public contracts
More City of Wilmington contracts
Questions about this contract
Who was awarded the government contract by City of Wilmington?
CORNING was awarded this government contract by City of Wilmington, as recorded on October 20, 2026. The contract value is Not to exceed $2,000,000.
How much is the CORNING contract with City of Wilmington worth?
The CORNING contract with City of Wilmington is valued at Not to exceed $2,000,000.
What type of contract is this?
This is a government 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 Wilmington Minutes Regular City Council Meeting 2026-10-20 (Minutes), dated October 20, 2026 from City of Wilmington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does CORNING hold?
CORNING 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 Wilmington currently buying?
Explore City of Wilmington's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
