Poyner Spruill LLP is pleased to announce that partner Bob Hagemann successfully represented Chatham County in the recently announced multibillion-dollar economic development deal with VinFast, a startup automotive company from Vietnam.
The deal – worth an estimated $4-$7 billion – is the largest economic development deal in North Carolina history and one that will bring the first car manufacturing plant to the state. VinFast will build a multibillion-dollar production facility in the Triangle area, specifically at Chatham’s Triangle Innovation Point, for its new line of electric vehicles and batteries.
In March, Gov. Roy Cooper; legislative leaders; Vietnam’s U.S. ambassador; and VinFast’s CEO announced the plant at a ceremony outside the Raleigh Convention Center.
While representing Chatham County, Hagemann negotiated an economic development incentives agreement that was critical to landing the project.
Hagemann spent 24 years in the Charlotte City Attorney’s office, including seven years as the Charlotte City Attorney, and brings his deep understanding and extensive experience in local government to the firm.