Idols Road Business Park (Phase I)

Organization:
Forsyth County
Amount:
$100,000.00
Program Area:
Open Grants Program
County of Applicant:
Forsyth
Description:

This Golden LEAF grant will provide funding to Forsyth County to assist with the development of the County-owned Idols Road Business Park. The County is working with two companies that are interested in locating their manufacturing businesses to the Park. One of the companies has submitted an offer to purchase a 14.5-acre lot in the park and is planning to construct a new building. That company will retain 33 jobs and create 15 new jobs paying an average annual wage of $36,000. The County anticipates that as it completes future phases of the Park, a total of six lots will be developed resulting in over 1 million square feet of new building space and over $50 million in new private investment. Golden LEAF funds will be used to construct the public road for Phase 1 of the Park. The total cost of Phase 1 is over $1.5 million.

Contact:
Mr. Daniel W. Kornelis 201 N. Chestnut Street Winston-Salem, North Carolina 27101 (336) 703-2681
Areas Served:
Forsyth

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