FINANCIAL_SERVICESAPPROVED

Mecklenburg County Awards Financial Services Contract to Wexford Science & Technology (March 2025)

Mecklenburg County previously approved an interlocal tax increment grant arrangement supporting Wexford Science & Technology’s Innovation District public infrastructure, committing up to $38.36 million in County incremental ad valorem taxes over 15 years. The agreement reimburses eligible infrastructure costs under a joint $60 million TIG with the City of Charlotte.

Document date · March 11, 2025

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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
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 $38,356,477 (County share of $60,000,000 TIG)
Contract type
FINANCIAL_SERVICES
Contract term
15 years
Renewal
Interlocal agreement provides a 15-year, 90% tax increment grant based on new incremental ad valorem taxes; commitment is capped at an estimated $38,356,477 for the County’s share of the $60,000,000 TIG. No explicit renewal options are referenced in the minutes.
Document type
Minutes
Source document
mecklenburg-county-board-of-commissioners-minutes-innovation-district-update-budget-priorities-mar-11-2025_6ba.md

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Mecklenburg County?

Wexford Science & Technology was awarded this financial services contract by Mecklenburg County, as recorded on March 11, 2025. The contract value is Not to exceed $38,356,477 (County share of $60,000,000 TIG).

How much is the Wexford Science & Technology contract with Mecklenburg County worth?

The Wexford Science & Technology contract with Mecklenburg County is valued at Not to exceed $38,356,477 (County share of $60,000,000 TIG), 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 mecklenburg-county-board-of-commissioners-minutes-innovation-district-update-budget-priorities-mar-11-2025_6ba.md (Minutes), dated March 11, 2025 from Mecklenburg County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wexford Science & Technology hold?

Wexford Science & Technology 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 Wexford Science & Technology's profile

What is Mecklenburg County currently buying?

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

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