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A major expansion of Aldersgate, originally known as The Methodist Home, is set to revolutionize retirement community living and spur a revitalization of Charlotte, NC’s east side. A $70 million investment is going to transform what is already a naturally beautiful property. With 234 acres, Aldersgate is one of the largest private green spaces in Mecklenburg County.
The North Carolina Economic Developers Association (NCEDA) has selected Sandy Dunbeck, senior vice president of the High Point Economic Development Corp., as the “2015 Economic Developer of the Year” in recognition of her outstanding achievements.
City Council and county commissioners passed resolutions supporting the idea, setting a goal of 15% of housing units to be set aside for poor families. However, state law prohibits local governments from requiring developers to set aside affordable units.
A new enacted state law in North Carolina will establish a nonprofit corporation to aid the state’s Commerce Department in making business development, international trade, job retention and marketing top priorities.
Sen. Kay Hagan (D) says North Carolina will receive some $5.4 million in affordable housing grants from the Federal Home Loan Bank (FHLBank) of Atlanta to create, improve or preserve 626 affordable housing units.
In North Carolina, the State Employees' Credit Union and the city of Durham have signed a Pledge of Support aimed at rehabilitating foreclosed properties in distressed neighborhoods and revitalizing the local community.
In an effort to limit government use of eminent domain, the North Carolina House of Representatives approved House Bill 8, which would prevent local governments from using eminent domain for the purpose seizing property for economic development by a private developer.
Companies in North Carolina -- or those in other states looking to re-locate in North Carolina – which are focused on software, information technology, medical devices or material sciences are encouraged to apply.
Between $125,000 and $145,000 is available for business-focused community organizations and others in the South Atlantic region, which includes North Carolina, Virginia, Kentucky, and West Virginia.