"The Greensboro City Council has unanimously approved a $200,000 loan and grant package to Oakley Capital LLC, an entity managed by growing executive recruiting firm Charles Aris Inc. for development of the firm's new headquarters at 301 Battleground Ave.
...Oakley Capital purchased the vacant one-story building on April 30 for $547,500, according to public records.
...Allen Oakley, vice president of operational effectiveness and practice leader at Charles Aris, said the firm's senior management team considered a number of different options and locations but eventually decided on being part of downtown’s growth initiative.
The City Council-approved funds include a $100,000 incentive grant, which will be provided over an eight-year period and be paid back by incremental taxes and is contingent upon a $3.9 million capital investment by Charles Aris and the addition of four positions by 2016.
The council also approved a $100,000 forgivable loan that will be made immediately available for on-site asbestos removal..." [forgivable loan means free money]
WTF Zack Matheny?
Mindy is/was on the GPAC taskforce and her husband Chad works at Charles Aris.
"After eight years at the Community Foundation of Greater Greensboro, Mindy Oakley is leaving to become executive director of the Edward M. Armfield Sr. Foundation, one of Greensboro’s largest foundations."
Isn't it amazing how inexpensive politicians are, if they are giving away everyone else's money instead of their own?
Directions from Zack's house to Allen's;