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Business & Economy
Fri October 7, 2011
Triad County Gets Land for Development
This week one North Carolina company gave Davie County a substantial gift.
Winston-Salem based R.J. Reynolds Tobacco gave the rural county 360 acres of undeveloped land southwest of the city. The gift is expected to help bring manufacturing jobs. Terry Bralley is President of the Davie County Economic Development Commission. He says at least one furniture company is considering a plant in the area.
Terry Bralley: "Our community is in a position, for the right project, that we not have that size acreage but we're in a position to gift it to create jobs to the successful company that we would chose to work with."
Davie County lost nearly 500 jobs earlier this year when a food processing plant closed. R.J.R. had no plans to develop the site which is valued at about $3 million.The company will receive a tax benefit for the gift.
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