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Pitt County approves application for Building Reuse Grant to support 'Project Stratosphere'
Summary
The board approved applying for a $100,000 NC Department of Commerce Building Reuse Grant for Project Stratosphere with a 5% local match not to exceed $5,000; approval is contingent on $580,000 investment and creation of 13 jobs.
The Pitt County Board of Commissioners held a public hearing and unanimously approved a staff recommendation to apply for a North Carolina Department of Commerce Building Reuse Grant in support of "Project Stratosphere."
Kelly Andrews, Economic Development Director, said the expected grant amount is $100,000 and that the county would provide a 5% local match not to exceed $5,000; the incentive would be contingent on the company investing $580,000 and creating at least 13 jobs in Pitt County at or above the county’s average salary over 18 months. No members of the public spoke during the hearing. The board authorized the chair to sign the resolution and execute an Economic Development Agreement and any required documentation to receive and disburse the funds.
The resolution and staff materials cite North Carolina General Statute 158‑7.1 as the statutory authority for local appropriations to assist industrial development. Staff said the grant would be administered by the Pitt County Economic Development Department if awarded.
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