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Council delays vote on amended $8 million economic-incentive package, asks for company details
Summary
Council opened a public hearing on an amendment to 'Project Family 2025' that raises the project's investment from $4.5 million to $8 million. Citing missing details about the company's identity, wage breakdown and prior incentives, council voted to postpone the resolution to April 6 for additional information.
The Belmont City Council held a public hearing on an EDC-recommended amendment to the economic-development agreement for the project codenamed 'Project Family 2025,' which increases the project's total investment figure from $4.5 million to $8 million by adding a building expansion to previously described machinery purchases.
Representatives from the Gaston County Economic Development Commission (Kylie Sharp and Parish Williams) said the company remains…
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