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City of Concord Considering $172K Incentive for Development

Town of Concord
Disclosed value
$172,431
From agenda
Document date
Nov 14, 2024
Term
1 year

The 30-second brief

What it covers

City of Concord considers offering a one-year Center City Economic Development Incentive Grant to Hood Ventures, LLC, amounting to $172,431, to support their location at 112-142 Cabarrus Ave E. The project involves a $48.3 million investment.

Who holds it

Hood Ventures holds this economic development contract with Town of Concord. Its other public contracts on record include work for City of Concord city.

What happens next

Term as filed: 1 year.

See who signed off on this $172.4K contract.

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Contract details

Contract type
Economic Development
Amount
$172,431
Document date
November 14, 2024
Term
1 year
Vendor
Hood Ventures
Agency
Town of Concord
Source document
town-of-concord-agenda-2024-11-14_c7f.pdf (Agenda)

Hood Ventures's other public contracts

Town of Concord, OhioHood Ventures proposed for Tax Incentive Grant · Nov 14, 2024UndisclosedCity of Concord city, North CarolinaEconomic incentive grant for Hood Ventures LLC · Nov 14, 2024UndisclosedTown of Concord, OhioEconomic Development Incentive Grant for Hood Ventures · Nov 14, 2024$172.4KTown of Concord, OhioHood Ventures' grant to locate to city. · Nov 14, 2024UndisclosedCity of Concord city, North Carolinacity-of-concord-city-agenda-2024-11-14_9c6.pdf · Nov 14, 2024UndisclosedAll Hood Ventures contractsVendor profile

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Questions about this contract

Who was awarded the economic development contract by Town of Concord?

Hood Ventures was awarded this economic development contract by Town of Concord, as recorded on November 14, 2024. The contract value is $172,431.

How much is the Hood Ventures contract with Town of Concord worth?

The Hood Ventures contract with Town of Concord is valued at $172,431, covering economic development work.

What type of contract is this?

This is a Economic Development contract, documented as a agenda record.

Where was this contract approved?

This contract appears in town-of-concord-agenda-2024-11-14_c7f.pdf (Agenda), dated November 14, 2024 from Town of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Hood Ventures hold?

Hood Ventures 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 Town of Concord currently buying?

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

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