Albemarle Business Center Moves Forward in Million-Dollar Grant Program Selection Process

“Achievement Unlocked: Albemarle Business Center Advances in Million-Dollar Grant Evaluation Process” – Published by The Stanly News & Press

Albemarle Business Center has successfully advanced to the next round in the selection process for a $1 million grant program. The announcement was made by Candice Lowder, director of the Stanly County Economic Development Commission, who received an email confirmation of the center’s progress. The grant program, established by the North Carolina General Assembly and administered by the Economic Development Partnership of North Carolina (EDPNC), aims to identify up to 15 sites with specific size requirements.

Albemarle Business Center, located in the southern part of the city, is 282 acres in size and was one of three sites submitted for consideration. 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 EDPNC and other organizations is expected to further enhance the center’s potential for development and growth.

In conclusion, Albemarle Business Center’s success in passing the first round of selection for a $1 million grant program marks an exciting milestone towards economic growth and development in Stanly County. With its prime location and existing infrastructure, Albemarle Business Center is well-positioned to attract new businesses and investments into our community.

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