Moore County Economic Development Partnership (MCEDP) recently released their Quarterly Progress Report highlighting their activities and initiatives for the quarter ended March 31, 2024.
For the first time in the organization’s history, MCEDP saw its first ever triple digit number of business leads in a single fiscal year, with 103 business leads through the first nine months.
“I expect we will respond to around 120 leads in FY 2024, which is unprecedented for our
organization. We are seeing the highest level of business interest in our 22-year history, and it is three times our historical average annual number of leads pre-COVID,” said Natalie Hawkins, President of Moore County Economic Development Partnership, in a press release.
Given the high level of business interest in Moore County, MCEDP has +/- 40 active, open projects at any given time. This quarter, MCEDP staff visited nine Moore County businesses as a part of its Business Retention & Expansion (BRE) program.
“Our BRE program is designed to help us gain an understanding of the needs of our businesses and to connect employers with valuable resources. Recent visits spanned northern and southern Moore County and we were able to provide several businesses with information on infrastructure grants, free customized training, and other programs to assist with market expansion,” said Darryn Burich, MCEDP Business Development Director.
Since acquiring the 73-acre site in Iron Horse Industrial Park in Aberdeen last November, MCEDP made substantial progress in the last three months in preparing the site for a future tenant. Fifty-six acres of the site were timbered, and work has begun to grub and grade +/-15 acres of the site. MCEDP continues to work with the NC Department of Transportation on the design of the access road from NC Highway 211, which should go out to bid later this Fall with construction starting in Spring, 2025.
MCEDP also identified 11 potential business park sites throughout Moore County and used a variety of criteria to prioritize them based on their viability for development. MCEDP contacted property owners of the potential business park sites to gauge their interest in partnering with MCEDP on site acquisition and development opportunities. A few property owners have responded and expressed a willingness to either sell their property or enter into a development agreement with MCEDP to develop their land as a business park.
This quarter, MCEDP was selected by the North Carolina Economic Developers Association
(NCEDA) Foundation to be a host agency for the new NCEDA Foundation Fellows Program. Starting on May 13th, UNC-Chapel Hill MPA student Cameron Brown will begin a 12-week summer fellowship working with MCEDP staff to prepare a comprehensive report to evaluate the viability of establishing a shell building program in Moore County.
MCEDP continued to leverage its partnerships with several state and local support organizations
this quarter to provide programs, resources and information to help businesses be more
successful. Some examples include:
The full Quarterly Progress Report for the quarter ended March 31, 2024 can be viewed on the MCEDP website at www.moorecountyedp.org.
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