The Greensboro City Council will have a lot on its plate Tuesday night as it considers more than two million dollars in economic development incentives.
Natty Greene's Brewing Company could be the biggest beneficiary of the night. The popular brewer is looking to expand beyond its downtown location, and has asked the city for nearly $400,000 dollars to do so.
It wants to move to the former Revolution Mills site in northeast Greensboro. The owners of the property have requested one million dollars to make it happen, along with additional development.
There are also major incentive requests from Tyco Electronics, Ecolab, and National Distribution Centers, LLC.
As always, though, there are strings attached to this money.
While each has different requirements, all of these incentives are tied to significant investment from the companies, as well as targets for new job creation.
The council will also consider an increase in ticket pricing for performances at the Tanger Center for Performing Arts.
They will vote to amend the deal between the city – which operates the Tanger Center – and the Community Foundation of Greater Greensboro.
Correction: An earlier version of this story reported that the ticket fee for the Tanger Center would go towards the Arts Stabilization Fund, which was part of the original memorandum of understanding. The new resolution has the ticket fees going towards the city's debt obligations.