Specifically, the two firms will pay $50,000 annually, in two installments, for five years, with an escalation after that which will increase the payments based on inflation. In addition, each company will donate a minimum of $5,000 annually to Amesbury-based charities of their choice.
Gray has also been quietly working on his economic development strategy as well, which he said he will be making an announcement on early next week.
“I’ve been dealing with everything from snow emergencies to the budgets,” Gray said. “The big thing taking up a lot of the time right now is that we are heavily into the budgets. That has been consuming a lot of our time. This was going to happen. This issue for us was, what kind of agreements could we negotiate?”