Louisburg, N.C. – Triangle North Franklin will gain a key access road and turn lanes from U.S. Highway 401 into the business park thanks to an additional $500,000 in funding approved by the N.C. Board of Transportation.
N.C. Sen. Doug Berger and N.C. Rep. Lucy Allen each requested an additional $250,000 in funding on behalf of Franklin County. "Senator Berger and Representative Allen were instrumental in helping secure additional funding," said Franklin County Commissioner Chairman Robert Lee Swanson. "Through their efforts, Speaker Hackney and President Pro-Tem Marc Basnight both recommended the increase." The Department of Transportation approved the funds at its March meeting.
The additional funds, coupled with the previously approved $400,000 from the North Carolina General Assembly, creates a total of $900,000 in Department of Transportation funding support for the Triangle North Franklin park. "This funding commitment clearly demonstrates the support for the regional approach to Economic Development," commented Franklin County Commissioner and Triangle North Vice Chairman Don Lancaster. "Since the four counties of Vance, Warren, Granville and Franklin are sharing in both revenues and expenses for the Triangle North projects; the additional $500,000 benefits the entire region."
"With the first shell building nearing completion, this funding comes at a pivotal time in the development of the park," said Franklin County Economic Development Director Ronnie Goswick. "This allows us to move as quickly as possible to create a direct access into Triangle North Franklin from U.S. Hwy 401."
Costs in excess of the approved $900,000 will be borne by the Kerr -Tar Economic Development Corporation, owner and developer of Triangle North business parks. Triangle North Franklin has 21 available sites and has the potential to bring an additional 3,000 jobs in the region once the park is full.
For more information, contact Ronnie Goswick, Franklin County Economic Development Director at (919) 554-1863 or visit www.co.franklin.nc.us.