Town of McAdenville Awards Financial Services Contract to Textum Opco Llc (August 2026)

McAdenville is entering an Economic Development Agreement with Textum OPCO, LLC and Gaston County to support a $10 million manufacturing expansion at 200 Saxony Drive. The deal grants a five-year Level I property tax-based incentive and facilitates a $272,000 state Building Reuse Grant tied to investment and job performance benchmarks.

Scope & details

The full contract record, as filed.

Contract amount

Standard Level I Grant over 5 years plus pass-through of $272,000 NC Building Reuse Grant

Contract type

FINANCIAL_SERVICES

Contract term

5 consecutive years of local investment grant payments beginning the year after grant application approval

Renewal

Five-year Level I grant term tied to net new tax value created between January 1, 2026 and January 1, 2028, with annual grants contingent on continued operations and tax compliance; no automatic renewal beyond the five-year grant schedule.

Document type

AgendaPacket

Source document

Town of McAdenville Council AgendaPacket 2026-08-11

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Town of McAdenville Council Agenda 2026-08-11

PENDING

Town of McAdenville, North CarolinaAug 11, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of McAdenville?

Textum Opco Llc was awarded this financial services contract by Town of McAdenville, as recorded on August 11, 2026. The contract value is Standard Level I Grant over 5 years plus pass-through of $272,000 NC Building Reuse Grant.

How much is the Textum Opco Llc contract with Town of McAdenville worth?

The Textum Opco Llc contract with Town of McAdenville is valued at Standard Level I Grant over 5 years plus pass-through of $272,000 NC Building Reuse Grant, 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 Town of McAdenville Council AgendaPacket 2026-08-11 (AgendaPacket), dated August 11, 2026 from Town of McAdenville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Textum Opco Llc hold?

Textum Opco 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.

View Textum Opco Llc's profile

What is Town of McAdenville currently buying?

Explore Town of McAdenville's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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