Floyd County awarded $2.7 million grant for development of new business park

Floyd County awarded $2.7 million grant for development of new business park

Floyd County was recently awarded a $2.7 million dollar grant by the United States Commerce and Economic Development Administration to enhance infrastructure in the Floyd Regional Commerce Center. The center currently offers 6 acres of land with access to roads and utilities for businesses to set up. With the additional funding, they are looking to expand by developing 27 acres of undeveloped land to attract new businesses.

Assistant Economic Development Director Tabitha Hodge mentioned that the grant will be used to bring a public road, utilities, sewer connections, and fiber optics into phase II of the commerce park. This expansion aims to provide better job opportunities for designers, makers, and fabricators in Floyd County, reducing the need for community members to seek work outside of the area.

One of the recent additions to the commerce center is the Floyd Growth Center, completed in April of the previous year, which now only has one available space left for businesses. The goal is to fill up the available spaces and attract new businesses to the commerce park by the end of next year, creating more job opportunities within the community.

The development in Floyd County’s commerce center is part of an effort to boost economic growth and create a thriving business environment in the region. With the support of federal funding, the county looks forward to welcoming new businesses and providing local residents with quality job prospects without needing to travel outside of the community.

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