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File #: 15-17120    Version: 1 Name:
Type: Public Hearing Item Status: Agenda Ready
File created: 1/3/2022 In control: City Council Business Meeting
On agenda: 1/24/2022 Final action:
Title: Public Hearing for Arrival Automotive USA Inc. Business Investment Grant
Title
Public Hearing for Arrival Automotive USA Inc. Business Investment Grant

Action
Action:
A. Conduct a public hearing regarding approval of a City of Charlotte Business Investment Grant to Arrival Automotive USA Inc., and

B. Approve the City's share of a Business Investment Grant to Arrival Automotive USA Inc. for a not to exceed amount of $143,800 over five years.

Body
Staff Resource(s):
Tracy Dodson, City Manager's Office
Alyssa Brown, Economic Development

Explanation
* On December 6, 2021, Arrival Automotive USA Inc. (Arrival) announced it would expand its existing operations in Charlotte.
* During the weeks of September 27, 2021 and October 4, 2021, City Council indicated their intent to approve this Business Investment Grant (BIG).
* Arrival has committed to a capital investment of $11,500,000 and creation of 110 jobs to be hired over five years with an average wage of $54,700.
* In addition to the City's BIG, the Mecklenburg County Board of County Commissioners will vote to approve a BIG in the amount of $250,677 on February 1, 2022.

Background
* Arrival is a global electric vehicle company headquartered in London, United Kingdom focused on creating zero emission, sustainable transportation solutions.
* On December 9, 2020, Arrival announced its North American headquarters in Charlotte with an investment of $3,000,000 and 150 jobs.
* On March 17, 2021, Arrival announced the opening of its first electric van microfactory in West Charlotte with an investment of $41,200,000 and 281 jobs.
* On May 10, 2021, City Council approved a BIG to Arrival for a not to exceed amount of $657,094 over seven years.
* Arrival's new Charlotte investment will be the first microfactory in the U.S. to assemble battery modules.
* Arrival also signed a Memorandum of Understanding with the City of Charlotte to collaborate on strategies to achieve the Strategic Energy Action Plan.

Business Investment Grant
* The general terms and conditions of this grant ...

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