The city of Greensboro is looking to build off momentum from Toyota's electric vehicle battery plant that's under construction at the nearby megasite. The city was notified this week that it will receive a federal grant to help study possibilities.
Greensboro has been awarded an Economic Adjustment Assistance grant of $100,000.
The money will be used to conduct a land-use study along the U.S. Highway 421 Corridor. It's a matching grant, so the city will also chip in funds.
The city is already installing water and sewer infrastructure for the Greensboro-Randolph Megasite.
The study will look at what other resources are needed to spur more economic development in this area. That could include roads and other support like fire service.
Marshall Yandle, the economic development manager for the city of Greensboro, says the land use study will help local officials make more informed decisions.
“We plan to identify potential other industrial sites for development, not megasite size of course, but just other industrial sites that could be for suppliers or other auxiliary companies to these major projects that have landed here,” says Yandle.
Last December, Governor Roy Cooper announced plans for the arrival of Toyota's lithium battery plant at the Greensboro-Randolph Megasite.
The $1.3 billion facility is expected to begin production in 2025 and create around 1,700 jobs.
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