Tuesday, January 30, 2007

Supvs Use Caution To Make Decision

Courtsey of WRBE, "Your HomeTown Radio"
The George County Board of Supervisors held a work session on Monday with Economic Development Foundation Director Sue Wright and Foundation President Mike Smith to discuss a proposal of a partnership between the county, Economic Development Foundation and Mississippi Power to build a shell building at the Industry Park, to aid in the marketing of smaller industry into the park.
Wright said Ms Power would aid in the marketing of the building and commit to a three-year lease agreement, in which they would agree to pay 100% of the loan cost the first year, 80% of the loan cost the second year and 60% of the loan cost the third year
Supervisor Henry Cochran said he thought it was in the county's best interest to have several smaller industries verses one large one, but brought up the fact that the county already owned one building at the Industry Park. Cochran said the building only recently became ready for lease and he thought it would a better idea to market the already existing building first, before committing to another one. Supervisor Kelly Wright agreed that caution was the best procedure and until the first building was marketed, much needed information was unknown.
After more discussion and clarification of some questions, the Supervisors stated that they wanted to test the market before committing to another building, and voted to write a letter of appreciation to Ms Power for the offer and to include their interest in possibly proceeding with a similar offer at a later date.

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