FINANCIAL_SERVICESAPPROVED

Stokes County Awards Financial Services Contract to Wieland Copper Products Llc (December 2024)

Stokes County approved an incentive agreement with Wieland Copper Products, LLC, offering five years of property-tax-based incentive payments and providing required local matches for a $300,000 Building Reuse Grant and a $100,000 One NC Fund Grant, in exchange for a $27 million investment and 50 new full-time jobs at the Pine Hall facility. The agreement sets performance benchmarks through 2029 and includes clawback provisions tied to employment levels and continued operations.

Document date · December 9, 2024

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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
Incentive Payments equal to 80% of County property taxes paid in year 1, 70% in year 2, 60% in year 3, 50% in year 4, and 40% in year 5 on Facilities-related property and business personal property; County Building Reuse Grant match of at least $15,000 and One NC Fund Grant match of $50,000
Contract type
FINANCIAL_SERVICES
Contract term
Grant Period begins with Wieland’s first incentive application (Initial Incentive Year elected no later than December 31, 2026) and runs 64 months to allow five annual incentive payments; employment ramp-up period through May 1, 2029; construction and initial Direct Investment to be completed by March 1, 2028
Renewal
Agreement automatically terminates after the five incentive payments within the 64‑month Grant Period or earlier if Wieland ceases operations for more than 90 days; no renewals are contemplated. County may claw back prior incentives if job creation is below 90% of target by May 1, 2029 or if operations cease beyond the nine‑month grace period.
Document type
AgendaPacket
Source document
Stokes County Board of County Commissioners Agenda Packet 2024-12-09

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Stokes County?

Wieland Copper Products Llc was awarded this financial services contract by Stokes County, as recorded on December 9, 2024. The contract value is Incentive Payments equal to 80% of County property taxes paid in year 1, 70% in year 2, 60% in year 3, 50% in year 4, and 40% in year 5 on Facilities-related property and business personal property; County Building Reuse Grant match of at least $15,000 and One NC Fund Grant match of $50,000.

How much is the Wieland Copper Products Llc contract with Stokes County worth?

The Wieland Copper Products Llc contract with Stokes County is valued at Incentive Payments equal to 80% of County property taxes paid in year 1, 70% in year 2, 60% in year 3, 50% in year 4, and 40% in year 5 on Facilities-related property and business personal property; County Building Reuse Grant match of at least $15,000 and One NC Fund Grant match of $50,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Stokes County Board of County Commissioners Agenda Packet 2024-12-09 (AgendaPacket), dated December 9, 2024 from Stokes County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wieland Copper Products Llc hold?

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

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