Laserfiche WebLink
LOCAL GOVERNMENT GRANT AGREEMENT <br />THE ONE NORTH CAROLINA FUND <br />Local Government Name: Lee County Grant No. 2017-19585 <br />Project Name: Wyeth Holdings LLC (with Pfizer Inc. as Guarantor) <br />STATE OF NORTH CAROLINA <br />GRANT AGREEMENT <br />COUNTY OF WAKE <br />This Local Government Grant Agreement (the %GGA') is effective the 41h day of August, 2017 <br />(the "Effective Date") by and between the County of Lee, North Carolina (hereinafter referred to as the <br />"Local Government"), and the North Carolina Department of Commerce (hereinafter referred to as <br />"DOC"); <br />WITNESSETH: <br />WHEREAS; the Local Government desires to stimulate and develop the local economy of its <br />region, alleviate the problems of unemployment and underemployment by creating and/or retaining jobs for <br />its citizens, and develop its local tax base; and <br />WHEREAS; the General Assembly has created the One North Carolina Fund (the "Program") to <br />make funding available within North Carolina "to secure commitments for the recruitment, expansion or <br />retention of new or existing businesses"; and <br />WHEREAS; the General Assembly has authorized Program funds to be used for installation or <br />purchase of equipment; structural repairs, improvements, or renovations to existing buildings to be used for <br />expansion; construction of or improvements to new or existing water, sewer, gas or electric utility <br />distribution lines or equipment for existing buildings; and construction of or improvements to new or <br />existing water, sewer, gas or electric utility distribution lines or equipment for new or proposed buildings to <br />be used for manufacturing and industrial operations; and <br />WHEREAS; the Local Government has applied for funds in connection with activity to be <br />undertaken by Wyeth Holdings LLC (the "Company"), a business that has competitively chosen to locate <br />or expand operations for the following project (the "Project") in North Carolina: <br />An expansion of a manufacturing plant (the "Facility") at which the company will <br />manufacture biological products at or around 4300 Oak Park, City of Sanford, Lee County, <br />North Carolina. <br />OneNC Local Government Grant Agreement <br />Wyeth Holdings LLC / Lee County <br />Form 1/12/12 <br />