FINANCIAL_SERVICESAPPROVED

Irving village Awards Financial Services Contract to Nvidia Corporation (July 2026)

Irving City Council will approve a tax abatement agreement with Nvidia Corporation that offers a 75% property tax abatement on the net new maintenance and operations taxable value of business personal property at 951 Valley View Lane. The incentive, available for up to ten years, is conditioned on lease extensions, an investment of at least $200 million in equipment, and long-term operation of the facility.

Status
APPROVED
Document date
July 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Nvidia Corporation
Agency
Irving village · IL

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Property tax abatement of 75% of net new M&O taxable value for up to 10 years (amount dependent on annual qualifications)
Contract type
FINANCIAL_SERVICES
Contract term
Up to 10 consecutive years upon achievement and maintenance of minimum qualifications
Renewal
Abatement may run for up to ten consecutive years as long as Nvidia meets annual minimum qualifications and additional obligations; failure to perform triggers repayment of incentives.
Document type
Agenda
Source document
Irving City Council Agenda 2026-07-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Irving village?

Nvidia Corporation was awarded this financial services contract by Irving village, as recorded on July 13, 2026. The contract value is Property tax abatement of 75% of net new M&O taxable value for up to 10 years (amount dependent on annual qualifications).

How much is the Nvidia Corporation contract with Irving village worth?

The Nvidia Corporation contract with Irving village is valued at Property tax abatement of 75% of net new M&O taxable value for up to 10 years (amount dependent on annual qualifications), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Irving City Council Agenda 2026-07-16 (Agenda), dated July 13, 2026 from Irving village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Nvidia Corporation hold?

Nvidia Corporation 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 Nvidia Corporation's profile

What is Irving village currently buying?

Explore Irving village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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