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Develop Frankfurt asks county for $250,000 to fund workforce and downtown development roles
Summary
Develop Frankfurt told the Fiscal Court it helped recruit roughly 500 jobs and requests $250,000 (county share) to fund two new positions focused on workforce and downtown/infill development; board also discussed a potential $500,000 capital corpus to seed a CDC/CDFI-style vehicle.
Penny Peebler, chief executive at Develop Frankfurt (formerly the Capital Community Economic Industrial Authority), presented the organization's annual budget and strategic work to the Franklin County Fiscal Court on March 25.
Peebler said Develop Frankfurt helped recruit approximately 500 jobs in the previous fiscal year, highlighted a $30 million infill investment tied to Meridian Biotech and named other wins including Nido’s expansion and a 100‑job Nan McKay operation. She said the organization is…
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