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This award provides funding to the Town of Drexel to redevelop the former site of a Drexel Heritage furniture plant, demolished about 10 years ago by a company that salvaged valuable materials from the building and then abandoned the site. Drexel has received Appalachian Regional Commission and NC Department of Commerce grants totaling nearly $1 million to fund most of the needed infrastructure work. The town also has additional grants from NC Department of Commerce and local matching funds committed to the critical clean-up of demolition rubble, but additional funding is needed. The town estimates a total cost of $1,757,000 to clear the debris. Because this is a relatively flat, rail-served site, the town anticipates it will attract significant interest from businesses. The Town of Drexel expects the project to result in creation of 200 full-time jobs and $500 million in private investment at the site. Golden LEAF funds will be used for sewer and demolition/clearance costs.
Any project more than a couple of years old may not reflect current Board priorities.
Please contact a staff member with any questions.
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