Insure

Organization:

County of Wayne

Amount:

$300,000.00

Program Area:

Economic Catalyst Program

County of Applicant:

Wayne

Year:

2020

Description:

This grant provides funding to Wayne County for the construction of an access road into ParkEast Industrial Park. The new road will create a loop in the park and a secondary access to serve several sites within the park including the office of Atlantic Casualty Insurance Company. Atlantic Casualty currently has 97 employees in the park and is expanding its facility by 30,000 square feet and will add 83 employees by December 31, 2025 to bring total employment to 180. The new jobs will pay an average wage of $54,398, compared to the county average of $37,063. The expected private capital investment is $11,830,000. In April 2018, there was a fire at a plant adjacent to the park which resulted in the only road that serves the park being closed by emergency vehicles for several hours, blocking access to Atlantic Casualty’s building and others. Atlantic Casualty has indicated that it required a secondary access road before it will expand in the park. Once constructed, the road will be turned over to NCDOT for maintenance. The total cost of the road is $1,050,000. Other contributors to the project include the NC Industrial Development Fund, NC DOT, and Duke Energy.

Contact:

Mr. D. Mark PopePO Box 227Goldsboro, North Carolina 27533(252) 559-3907

Areas Served:

Wayne

Any project more than a couple of years old may not reflect current Board priorities.
Please contact a staff member with any questions.