Blue Ridge EDC proposes buying two parcels for small-business incubator; council approves purchase plan
The Economic Development Corporation proposed purchasing two downtown-adjacent properties for $315,000 (plus ~$2,400 closing/insurance), to be financed with 20% down; EDC said leased tenants would provide rent revenue to offset loan costs and foster small-business starts.
The full story
The Blue Ridge Economic Development Corporation presented a plan to buy two properties — listed together at $315,000 — with the intent to offer low-cost space and mobile/food-truck locations to new small businesses, and the council agreed to move the purchase forward.
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