In a major development for the Albemarle Business Center, it has successfully passed the first round in the selection process for a million-dollar grant program. The announcement was made by Candice Lowder, director of the Stanly County Economic Development Commission, who received an email notification confirming the center’s progress.
The SelectSites Readiness Program aims to identify up to 15 sites with specific requirements for size. Albemarle Business Center, located in the southern part of the city, is 282 acres in size and was submitted along with two other sites. The program has seen significant growth in funding, increasing from $1 million in 2022 to $10 million for the next fiscal year.
Lindsey Almond, director of Albemarle EDC, expressed excitement about the center’s progress in the grant program. She mentioned that the center had already prepared many necessary documents due to its status as a SmartSite through Electricities. In February, the center had a site visit from a potential company, indicating interest from businesses in the area.
The grant program represents a significant opportunity for communities that are included in the selection process. Albemarle Business Center’s advancement to the next round is seen as a positive development for economic growth in the region. The center’s location, size, and existing amenities make it an attractive option for businesses looking to establish a presence in the area. The support from the Economic Development Partnership of North Carolina (EDPNC) and other organizations is expected to further enhance the center’s potential for development and growth.
Albemarle Business Center’s success in passing this first round marks an important step forward towards securing funding and expanding economic opportunities in Stanly County. With its prime location and large size, it is well positioned to attract new businesses and industries that can help drive economic growth and create jobs for local residents.
In conclusion, Albemarle Business Center’s progression into the next round of consideration is an exciting development for both business owners and residents of Stanly County alike. As one of only three finalists selected thus far under this program’s criteria, there’s no doubt that this project holds great promise for our community’s future prosperity.
