Agenda - 12-13-2022; 8-c - Proposed Eighteen-Month Extension of the State of North Carolina’s “Building Reuse Grant” Incentive for Industrial Connections & Solutions-ABB Inc.

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1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: December 13, 2022 Action Agenda Item No. 8-c SUBJECT: Proposed Eighteen-Month Extension of the State of North Carolina's "Building Reuse Grant" Incentive for Industrial Connections & Solutions/ABB Inc. DEPARTMENT: Economic Development Department, Attorney's Office ATTACHMENT(S): INFORMATION CONTACT: 1. June 16, 2020 Agenda Abstract— Steve Brantley, Economic Development Approval of Two Contracts (919) 245-2326 Associated with the State of North Carolina's "Building Reuse Grant" Incentive to ABB, Inc. 2. June 16, 2020 Signed Orange County Contract with ABB, Inc. and Affiliate Firm Industrial Connections & Solutions, LLC 3. Proposed Contract Amendment Providing an Eighteen-Month Extension of the June 16, 2020 Signed Contract with ABB, Inc. and Affiliate Firm Industrial Connections & Solutions, LLC 4. June 19, 2020 Signed NC Department of Commerce and Orange County Building Reuse Contract Agreement 5. Proposed Contract Amendment Allowing an Eighteen-Month Extension of the Building Reuse Contract Agreement Between NC Department of Commerce and Orange County PURPOSE: To approve contract amendments for an eighteen-month extension to June 30, 2024, commensurate with the date approved by North Carolina Department of Commerce, for the "Building Reuse Grant" "pass through" incentive approved by the BOCC on June 16, 2020 for Industrial Connections & Solutions/ABB Inc. BACKGROUND: The North Carolina Department of Commerce awarded the State's "Rural Division Building Reuse Grant" to ABB, Inc. on July 10, 2019, at a maximum $500,000 level. The program supports the renovation or expansion of vacant buildings, or other facilities occupied by