Covington County economic-development official says state will help buy 110-acre River Falls site
Summary
Jacob Morgan told commissioners that a state "seeds" grant will help buy a 110-acre site in River Falls (purchase price $660,000) with the state covering about $440,000 and his office covering roughly $220,000; he also highlighted recently restored rail service and incoming manufacturers.
Jacob Morgan, who asked commissioners to call him "Jake," told the Covington County Commission on March 10 that his office secured multiple economic-development wins and is expecting a state check on April 30 to help buy a 110-acre site in River Falls.
Morgan said the property purchase price is $660,000 and that the state grant will cover about $440,000 while his office will be responsible for roughly $220,000. "April 30, we are being awarded a seeds grant, to purchase a 110 acres in River Falls, to develop for a future site, for industry," Morgan said. He told commissioners he will issue a press release with details and asked the commission to consider county funding when appropriate.
Morgan also briefed the commission on other local progress: he said railroad service was returned on Oct. 21 after roughly $7 million in investment that improves access for future industries, and he previewed a March 17 grand opening for an Australian fiberglass manufacturer and growth at a local fiberglass boat operation. Commissioners thanked Morgan for the update and for the outreach his office has provided to potential employers.
The economic-development update was given during the public-comment portion of the meeting; Morgan characterized his request as informational and not an immediate request for a county vote.
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