FINANCIAL_SERVICESAPPROVED

Greensboro Urban Area MPO Awards Financial Services Contract to Project Atlas (June 2025)

The Greensboro City Council approved an economic development incentive agreement with Project Atlas, offering up to $1,000 per job for 14,564 new positions and approximately $4.724 billion in capital investment at Piedmont Triad International Airport. The grant, capped at $1.5 million per year through 2036, includes additional incentives for Impact Zone and NCWorks hires, M/WBE goals, and clawback protections.

Status
APPROVED
Document date
June 12, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Project Atlas
Agency
Greensboro Urban Area MPO · NC

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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
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
Not to exceed $1,000.00 per job; annual installment payments not to exceed $1,500,000.00 per year; projected 14,564 new jobs and $4,724,000,000.00 capital investment; potential additional $250.00 per job for Impact Zone/NCWorks hires
Contract type
FINANCIAL_SERVICES
Contract term
Through on or before December 31, 2036; incentive paid in annual installments contingent on job creation and investment benchmarks
Renewal date
2036-12-31
Renewal
Agreement runs through achievement of specified job creation and investment benchmarks by December 31, 2036, with annual installment payments subject to performance and recapture provisions if jobs or investment levels are not maintained.
Document type
Minutes
Source document
Greensboro Urban Area MPO Minutes City Council Special Meeting 2025-06-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Greensboro Urban Area MPO?

Project Atlas was awarded this financial services contract by Greensboro Urban Area MPO, as recorded on June 12, 2025. The contract value is Not to exceed $1,000.00 per job; annual installment payments not to exceed $1,500,000.00 per year; projected 14,564 new jobs and $4,724,000,000.00 capital investment; potential additional $250.00 per job for Impact Zone/NCWorks hires.

How much is the Project Atlas contract with Greensboro Urban Area MPO worth?

The Project Atlas contract with Greensboro Urban Area MPO is valued at Not to exceed $1,000.00 per job; annual installment payments not to exceed $1,500,000.00 per year; projected 14,564 new jobs and $4,724,000,000.00 capital investment; potential additional $250.00 per job for Impact Zone/NCWorks hires, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Greensboro Urban Area MPO Minutes City Council Special Meeting 2025-06-12 (Minutes), dated June 12, 2025 from Greensboro Urban Area MPO. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Project Atlas hold?

Project Atlas 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 Project Atlas's profile

What is Greensboro Urban Area MPO currently buying?

Explore Greensboro Urban Area MPO's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Greensboro Urban Area MPO's profile

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