Dennis Jarvis, II, director of the Henderson-Vance Economic Development Commission, was on Tuesday’s edition of WIZS’ Town Talk program to discuss, among other topics, updates to the development of the Henderson-Vance Industrial Park.
Earlier this year, Vance County received a $2.45 million grant from the Rural ReadySites program for development of phase III of the industrial park located at the intersection of Bear Pond Road and US-1 Bypass in Henderson.
The grant money will cover development costs to include construction of a new roadway and extension of water and sewer infrastructure through the site. The land will be zoned for light industrial and general commercial use.
The Henderson-Vance Industrial Park began in 1988 with the purchase of 150 acres for development. According to Vance County officials, the site has been filled since that time with nine businesses contributing approximately 600 jobs, $5.5 million in tax revenue to the county annually and a total value of over $62 million.
“Commissioner Hester and the Vance County Commission, both, as a team, understand that having available product – pad-ready, building-ready product – makes you more competitive regionally, nationally and globally,” said Jarvis.
The park’s development has been a priority for Vance County Commissioners and Jarvis is pleased to see it come to fruition in a short period of time.
“At Monday’s Commissioners’ meeting, we received an update that the engineering firm had been awarded and they are now going through a design phase,” said Jarvis. “Potential contracts for water, sewer and road development should be met by the mid-point of next year. We’re about nine months away from being complete.”
Along with the perks of access to rail and natural gas and the close proximity to US-1 and I-85, the park is expected to draw industries that seek to be near Raleigh without the Wake County price tag.
“If you want an RTP address, you pay RTP prices,” Jarvis said. “If you want to be in the Raleigh market, there are opportunities in the region – especially in our Kerr-Tar region with Franklin, Granville, Warren and Vance – to cut that operating cost by almost half.”
To listen to the interview in its entirety, please click here.