To: The Honorable Mayor and Board of Commissioners From: Ryan McDaniels/Gerry Vincent Subject: Economic Development Incentives - Daumar
Consider decision on proposed economic development incentives to Daumar Corporation relating to their establishment of new manufacturing facilities in Huntersville. The grant will be for a period of 5 years and be equal to 50 percent of new ad valorem tax revenue created by the development. The public will benefit from the additional employment opportunities and additional tax base for the Town.
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