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Posted on: November 22, 2023

Public Hearing Notice: Project GEN

NOTICE OF PUBLIC HEARING

 

NOTICE IS HEREBY given that a Public Hearing will be held before the Pitt County Board of Commissioners at 6:00 p.m. on Monday, December 4, 2023 in the Eugene James Commissioners Auditorium, Pitt County Administration Building, 1717 West Fifth Street, Greenville, NC, pursuant to the provisions of NCGS 158-7.1, to consider economic development incentive appropriations for the purpose of aiding and encouraging industrial development.  

 

This is in reference to an economic development incentive grant for Project Gen in an amount equivalent to 70% of the net increase in ad valorem taxes paid by the company for a seven-year period, with a cap of $8,000,000, and a required 5% local match in the amount of $25,000 for the NC Commerce Building Reuse Grant. The incentives would be contingent upon investment of $300,000,000 in real and personal property in Pitt County and the creation of 900 jobs in Pitt County during the grant period. 

 

The benefits to the public expected to be derived from the development project as a result of the incentives being considered include:  the enhancement of the tax base and the creation of high-skill jobs paying at or above the County’s average wage.  

 

The public is invited to attend the hearing at which time there will be an opportunity to be heard in favor of, or in opposition to, the above item.   

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