Governor Roy Cooper and the NC Department of Commerce has announced that a $222,375 grant will assist Alexander County with a project that supports an expansion by Paragon Films, Inc., a leading stretch film manufacturing company.
Paragon had a groundbreaking ceremony on April 26th at the facility east of Taylorsville.
The project involves the construction of a 70,000-square-foot warehouse and conversion of existing warehouse space to manufacturing space. Infrastructure improvements include the construction of a 763-foot-long rail spur to accommodate increased product demand. This project is expected to create 14 jobs and attract $7,990,000 in private investment.
The Community Development Block Grant program (CDBG) is a U.S. Department of Housing and Urban Development (HUD) program administered in part by N.C. Commerce. CDBG’s economic development funds provide grants to local governments for creating and retaining jobs. Project funding is based on the number of jobs to be created and the level of economic distress of applicant communities.
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