Wayne County Commissioners approve amendment to Goldsboro economic development agreement

The Wayne County Board of Commissioners held a significant meeting on July 15, 2025, where they addressed an amendment to the economic development agreement with the city of Goldsboro concerning properties in the Park East Industrial Park. This public hearing was crucial for local economic growth and community development.

During the meeting, the board discussed the details of the agreement, which involves a substantial reduction in the sales price of a property by over $2.5 million as part of an incentive for a new project, referred to as Project Istanbul. This reduction is aimed at attracting investment and job creation in the area. The county will recoup this incentive through future tax revenues, which are expected to begin flowing in approximately six to seven years once the property is back on the tax rolls.

The agreement stipulates that Goldsboro will provide utilities to the property without annexing it, and the tax proceeds will be split between the county and the city. This arrangement is designed to ensure that the county can recover its investment while still fostering a collaborative relationship with the city.

The board unanimously approved the amendment after the public hearing, signaling a commitment to enhancing economic opportunities in Wayne County. This decision is expected to have a positive impact on local employment and investment, as the county prepares to close on the property within the next two months.

As the county moves forward with this project, residents can anticipate new job opportunities and increased economic activity in the Park East Industrial Park, marking a significant step toward revitalizing the area and supporting community growth.