EDA Reviews Proposed Incentive Deal With Amadas Industries

The Economic Development Authority reviewed a proposed EDIP agreement with Amadas Industries involving an $11 million capital investment and incentives totaling up to $250,000. The agreement remains under legal review and is expected to return to the Board in March 2026 for potential approval.

Document date · February 11, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Up to $250,000

Contract type

FINANCIAL_SERVICES

Document type

Minutes

Source document

Economic Development Authority of the City of Suffolk Meeting Minutes February 2026

Related contracts

Other contracts from Amadas Industries.

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Suffolk Economic Development Authority AgendaPacket Regular EDA Board Meeting 2026-10-14

APPROVED

City of Suffolk, Virginia$250,000.00Oct 14, 2026

Economic Development Authority of the City of Suffolk Meeting Minutes March 2026

APPROVED

City of Suffolk, Virginia$250,000Mar 11, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Suffolk?

Amadas Industries was awarded this financial services contract by City of Suffolk, as recorded on February 11, 2026. The contract value is Up to $250,000.

How much is the Amadas Industries contract with City of Suffolk worth?

The Amadas Industries contract with City of Suffolk is valued at Up to $250,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Economic Development Authority of the City of Suffolk Meeting Minutes February 2026 (Minutes), dated February 11, 2026 from City of Suffolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Amadas Industries hold?

Amadas Industries may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Amadas Industries's profile

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