Counting our Lucky Stars in Davie County – SouthPoint Business Park Expanding!
Terry Bralley counts Davie County’s lucky stars every day; one of the brightest is its partnership with the Hollingsworth Companies.
The Davie County Economic Development Commission and the Hollingsworth Companies have announced an agreement to expand the SouthPoint Business by an additional 80 acres. Phase II of the SouthPoint Business Park will add three lots to the park with 425,000 square feet to 750,000 square feet of additional industrial space. Only one building of 90,960 square feet is still available from Phase I of the project.
“As the supply of quality, modern industrial buildings is dwindling in North Carolina, we expect our only remaining building to fill quickly. The Phase II expansion will allow us to have land ready to capture the next project as soon as this building is filled, and continue to grow industry and jobs in Mocksville.” Tom Wortham – SVP of Architecture and Development of The Hollingsworth Companies said.
Hollingsworth Companies Making a Difference in our Community
“When we were initially looking for a private partner to shoulder the risk of speculative industrial development, we couldn’t find anyone locally who would take the risk in a small town like Mocksville,” said Bralley, the president of the Davie County Economic Development Commission. “But over in Tennessee, we met the Hollingsworth Companies and not only were they willing, they were enthusiastic; and they still are nearly twenty years later. We have had a lot of big announcements in the last few years, and they are great, but the steady brick by brick approach of Hollingsworth has really made a difference in our community.”
In 1998, the Hollingsworth Companies founded the SouthPoint Business Park, which is comprised of 112 acres in 8 lots with 885,262 square feet of industrial facilities, and is located just north of Interstate 40 on US Hwy 601. The park is home to Larson Comfort Bilt, Gesipa Fasteners, Metal Sales Manufacturing, Davie Warehousing, Dunlop Aircraft Tyres, Entre Matic, and Seneca Medical.
90% of Companies Relocating Looking for Existing Building Inventory
According to Bralley, ninety percent of all companies seeking a new location are looking for an existing building to move into. “Our partnership with The Hollingsworth Companies means that we have an inventory of available buildings and permitted lots for people who don’t have time to waste. Further, we are blessed with a developer like Joe Hollingsworth who is flexible enough to lease, sell, or provide equity capital for companies locating in our community. This is an advantage that every small community and every economic developer would love to have and it continues to bring jobs and opportunity to Mocksville and Davie County.”
Economic Development is a Team Sport
This expansion became possible when the North Carolina Rural Infrastructure Authority awarded the Town of Mocksville a $450,000 grant from the Industrial Development Fund to install a new road on Quality Drive in the Southpoint Business Park. This road will open up approximately 85 acres of land for future development.
The Rural Infrastructure Authority was established as part of the Rural Economic Development Division at the NC Department of Commerce to assist with the review and approval of grants for rural areas in the state. The grants-making programs of the Division include assistance for building reuse and restoration, water and sewer infrastructure, and economic innovation in rural communities.
20 Year Partnership with Hollingsworth Companies Continues to Pay Divdidends
“Our nearly 20-year public/private partnership has developed into a rare and cherished catalyst to economic development in Mocksville and Davie County,” Bralley added. “We are super excited to see the expansion of the SouthPoint Business Park, it just means there will be more good news to come. Stay tuned…”