Item Coversheet

ROWAN COUNTY
A COUNTY COMMITTED TO EXCELLENCE

130 West Innes Street - Salisbury, NC 28144
TELEPHONE: 704-216-8180 * FAX: 704-216-8195

 

MEMO TO COMMISSIONERS:

FROM:
Scott Shelton, Vice President, Rowan EDC
DATE:
December 17, 2021
SUBJECT:
Request for Revised Incentive Agreement - Hexagon

Back in March, the Board of Commissioners approved an incentive grant for Hexagon Agility. The company is planning an expansion that will result in the creation of 75 new jobs and an investment of $28 million. The company also plans to install new equipment and expand their facility by 113,000 square feet as part of the project.

 

Hexagon originally estimated a substantial completion date for the project of December 31, 2021.  Availability of materials are causing substantial delays for the project.  Hexagon now estimates a substantial completion date of December 31, 2023.

 

Hexagon has requested that the Board consider amending the original incentive agreement to reflect this revised date of substantial completion.





ATTACHMENTS:
DescriptionUpload DateType
Request for Amended Incentive Agreement12/18/2021Cover Memo
Amended Incentive Agreement12/18/2021Cover Memo