Examples of Economic Development Agreement in a sentence
If the company accepts the terms in writing and commits to locate the project in North Carolina, subject to the award of the grant, an open meeting is held by the EIC to award the grant, and a Community Economic Development Agreement (“CEDA”) is executed.
The Economic Development Agreement shall include, as applicable, estimated property taxes and any tax abatement, any economic development payments, estimated lease payments and overall cost and tax revenue impact on the County as well as the estimated current economic impact of the project area in its current use.
Figure V tracks the number of jobs cumulatively created in Plano due to the City entering into a 380 Economic Development Agreement (380 Grant) and the number of cumulative tax abatements of- fered.
For any project seeking tax abatement or other economic considerations for the project from government, the Applicant shall submit an Economic Development Agreement approved by the County Commissioners.
This provision, however, shall not restrict or limit the Developer’s ability to work with, enter agreements with, and utilize or partner with its Affiliate Entities as permitted under the Economic Development Agreement.