Motorsport IP Acquisition Co., Economic Development Grant considered
Town of ConcordCity · Troy, OH- Disclosed value
- $743,453
- From agenda
- Document date
- Feb 13, 2025
- Term
- 3 years
The 30-second brief
City of Concord is considering offering a three-year/85% tax-based Economic Development Grant to Motorsport IP Acquisition Co. I, LLC, to locate at 4295 Defender Way, Concord, North Carolina 28027 and 4540 Fortune Ave NW, Concord, NC 28027. Motorsport IP Acquisition Co. I, LLC proposes to invest approximately $75-$85 million in personal property. The total value of the City's three-year/85% grant is estimated to equal $743,453 depending on the actual investment.
Motorsport Ip Acquisition holds this economic development grant contract with Town of Concord. Its other public contracts on record include work for City of Concord city and Housing Authority of the city of Concord.
Term as filed: 3 years.
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Contract details
- Contract type
- Economic Development Grant
- Amount
- $743,453
- Document date
- February 13, 2025
- Term
- 3 years
- Agency
- Town of Concord
- Source document
- town-of-concord-city-council-agenda-february-13-2025_466.pdf (Agenda)
Motorsport Ip Acquisition's other public contracts
More Town of Concord contracts
Questions about this contract
Who was awarded the economic development grant contract by Town of Concord?
Motorsport Ip Acquisition was awarded this economic development grant contract by Town of Concord, as recorded on February 13, 2025. The contract value is $743,453.
How much is the Motorsport Ip Acquisition contract with Town of Concord worth?
The Motorsport Ip Acquisition contract with Town of Concord is valued at $743,453, covering economic development grant work.
What type of contract is this?
This is a Economic Development Grant contract, documented as a agenda record.
Where was this contract approved?
This contract appears in town-of-concord-city-council-agenda-february-13-2025_466.pdf (Agenda), dated February 13, 2025 from Town of Concord. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Motorsport Ip Acquisition hold?
Motorsport Ip Acquisition 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.