TO: Mayor and Members of City Council
THRU: Douglas Hewett, ICMA-CM, City Manager
FROM: Robert Van Geons, President & CEO, FCEDC
DATE: June 13, 2022
RE:
Title
Public Hearing & Consideration of Economic Development Incentives for Project Dogwood
end
COUNCIL DISTRICT(S):
Council District(s)
ALL
b
Relationship To Strategic Plan:
GOAL II: Responsive City Government Supporting a Diverse and Viable Economy
2.1 - To ensure a diverse City tax base
2.2 - To invest in community places to ensure revitalization and increase quality of life
2.3 - To leverage partnerships for job creation and retention, with a focus on the local and regional workforce to increase per capita income
Executive Summary:
The City Council is required by North Carolina General Statue158-7.1(c) to set a public hearing to consider incentives for Project Dogwood. The company behind Project Dogwood is one of the nation's leading homebuilders. They are looking to establish a building component manufacturing facility to service operations. The proposed project entails the construction of an approximately 130,000-square-foot industrial facility that will be used to manufacture trusses, wall panel systems, and other essential homebuilding components. The company is considering locations in South Carolina, Georgia, and other areas of North Carolina. City Council is asked to consider up to $317,000 in economic development incentive grants paid out over five years for Project Dogwood.
This project is in the City of Fayetteville's Municipal Influence Area (MIA). North Carolina law allows a property owner to submit a petition to the City requesting annexation. The property owners have requested Voluntary Annexation.
Background:
Project Dogwood will allow for more Fayetteville and Cumberland County residents to secure higher paying jobs, resulting in an improved quality of life. Project Dogwood would create 189 jobs by 2027, paying an average wage of $45,079 per year. This project wou...
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