Project Emerald Economic Development Incentive

At a glance

• What: A proposed state-assisted incentive (through EDPNC) for Project Emerald, requiring at least $1,000,000,000 of investment over five years and 450 or more jobs. The grant is capped at 0.00325 times the investment in property, plant and equipment, paid yearly for seven years, with a relocation incentive if jobs exceed 450. A contract would come later.
• Where it stands: Council unanimously passed Resolution 2026-033 supporting the project on October 26; a public hearing on the incentive is on the November 9 agenda, which also lists a closed session on economic development.

Built from the posted agenda listing only; the agenda PDF and packet text have not been read.

Sources

• 2026-10-26 - City Council Meeting
• 2026-11-09 - City Council Meeting

Log

• 2026-10-26: 2026-10-26 - City Council Meeting - Resolution 2026-033 supporting Project Emerald passed unanimously (per the November 9 agenda).
• 2026-11-09 (scheduled): 2026-11-09 - City Council Meeting - Public hearing on the incentive.