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County to consider $1.735 million loan and grant to Front Street Capital for Union Cross industrial infrastructure
Summary
Staff recommended authorizing $1,735,000 from city-county utility commission out-of-county funds as a development incentive for Front Street Capital to build a 300,000-square-foot spec industrial building at Union Cross Industrial Center: a $1 million 0% loan payable upon lease/sale/refinance or at five years, plus a $735,000 grant.
Community Economic Development Director Kirby Robinson briefed the Forsyth County Board of Commissioners on a proposed $1,735,000 expenditure from the city-county utilities commission’s out-of-county service funds to incentivize Front Street Capital to construct a 300,000-square-foot speculative industrial building in the Union Cross Industrial Center.
Robinson…
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