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-Press Release, Town of Louisburg
On April 16, 2020, the Town of Louisburg was awarded a grant in the amount of $2,439,100 to assist the Town in the construction of water, sewer, and electric infrastructure, as well as industrial access, at the Louisburg Industrial Park.
The Town has made the site a critical piece of its economic development strategy and intends to commit additional resources focused on business recruitment to the industrial park.
The broad plan is to create a 10-parcel industrial park for the recruitment of industrial and commercial businesses. A major economic development goal is to produce large-scale employment centers to provide jobs to local residents, increase tax base and expand Louisburg’s utility services.
The grant was awarded by The North Carolina Rural Infrastructure Authority (RIA) under The Industrial Development Fund – Utility Account that provides grants to local governments located in the 80 most economically distressed counties of the State.
“Communities across our state are going through challenging times right now, and we must continue to help rural North Carolina prepare for future economic growth,” Secretary Copeland said. “Rural Infrastructure Authority grants provide needed support for job creation in our rural areas, which are appealing places to live, work and grow a business.”
“We very much appreciate the IDF’s confidence in Louisburg and Tommy Hester’s leadership with the RIA. This is a testament to our Town Administrator, Jonathan Franklin, his staff, and their commitment to improving our Town and bringing this project to fruition.” – Councilman Boyd Sturges.
Mayor Karl Pernell added, “This is a big moment for Louisburg and a great opportunity. We look forward to the jobs and the investment this project will attract, and the improvements it will bring to the quality of life of our citizens.”