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LEDA Gives Lincoln County a Check for 253,694

Written By: Barry Matherly Thursday, July 14, 2011

LEDA Gives Lincoln County a Check for $253,694

The First Lot in the Airlie Business Park is Sold

Lincolnton, NC – At the recent Lincoln Economic Development Association (LEDA) Board Meeting, Lincoln County officials were presented two checks totaling $253,694. Tom Anderson, LEDA Chair, presented the checks and reminded everyone that LEDA’s work provides income to the governments and residents in the community. The money was distributed from the sale of the first lot in the Airlie Business Park at Ingleside to Hydac Technology Corporation.

George Wood, county manager, accepted the first check for $100,000 that will complete the transaction of LEDA purchasing the convenience site off Optimist Club Road from the County. In the future, the convenience site will be relocated and the land will become a part of the Airlie Business Park.

George Arena, county commissioner, accepted the second check for $153,694 to repay the County for a portion of the infrastructure costs for the park. A combination of grants and money borrowed by the County are being used to develop the park. As lots are sold, the County will be paid back.

Hydac, a German company, plans to start on a 60,000 square foot advanced manufacturing facility this fall for their US cooling systems operation.

Picture Attached – pictured left to right: Barry Matherly, LEDA Executive Director; George Wood, Lincoln County Manager; George Arena, Lincoln County Commissioner and Tom Anderson, LEDA Chair.

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About LEDA

Lincoln Economic Development Association is a private, 501c(3) non-profit corporation charged with facilitating industrial and office development in Lincolnton and Lincoln County. LEDA’s mission is to foster an economic environment that promotes an enhancement of the standard of living by creating more and better jobs for the citizens of Lincolnton and Lincoln County and an increased and diversified tax base to provide needed community services. The organization’s goals include retention and expansion of existing business; attraction of diversified base industries, improvement of the overall business climate within Lincolnton and Lincoln County and growing stage 2 entrepreneurial companies.

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