Martin and Pitt Counties Sign Interlocal Agreement for LandsEast Industrial Park
Greenville, NC (January 6, 2010) – Pitt County and Martin County have officially entered into an interlocal agreement concerning LandsEast Industrial Park. The document, signed by the Chairmen of the Martin and Pitt County Commissioners, details the terms of revenue and cost sharing between the two counties for the joint park.
The agreement specifies that the two counties will evenly share incremental ad valorem tax revenues created by improvements or businesses locating within the park. Until this time, each county will retain 100% of ad valorem taxes collected. The counties will equally share expenses for the industrial park.
The collaboration to develop a joint industrial park officially began in 2005 as both counties aimed to stimulate jobs and investment in underserved areas. An advisory committee consisting of eight members, four from Pitt and four from Martin County, guides the development of the park.
LandsEast spans almost 800 acres and is located off of Highway 64 Alternate near Bethel in Pitt County and Parmele in Martin County. It was approved as a North Carolina Certified Site in late 2008 by the North Carolina Department of Commerce.
“We are proud of the collaborative effort that has brought us to this point in the development of LandsEast, and we appreciate the support we have received from our Economic Development Boards and County Commmissioners,” states Kelly Andrews, associate director of the Pitt County Economic Developement.
LandsEast is the first NC Commerce Site Certified multi-county, multi-regional industrial park in North Carolina with Martin County in NC’s Northeast Region and Pitt County in NC’s Eastern Region. It is also one of only a few sites in North Carolina with over 500 acres and rail access.
For more information about the LandsEast Industrial Park, contact the Pitt County Development Commission at (252) 758-1989 or the Martin County Economic Development Corporation at (252) 792-2044. You may also visit their websites at www.locateincarolina.com or www.martincountyedc.com.