LEE COUNTY ECONOMIC DEVELOPMENT CORPORATION Southern Base of the Research Triangle Region NEWS RELEASE FOR IMMEDIATE RELEASE Wednesday, March 12, 2003 LOCAL LEADERS LAUNCH TWO ECONOMIC PROJECTS WITH CEREMONY AT LEE COUNTY INDUSTRIAL PARK SANFORD -- In the face of a soft national economy, more than 100 local officials and guests gathered today to break ground for two major economic projects in north Sanford. The dual ceremony celebrated construction of a new building to house the North Carolina School of Telecommunications and expansion of the Lee County Industrial Park. Though the official kickoff and luncheon was held today, land grading for the school actually began early last month. Launching new industrial projects, particularly in a tough business climate, should be commended, according to Doug Byrd, manager of community relations for the North Carolina Department of Commerce. Byrd told those attending the 35-minute ceremony that both are examples of the progressive thinking and planning in Lee County. "Right now, times are bad in economic development, just like they are in a lot of other things," he said. "But, I tell people as I go around the state, as they've heard me say, you can't sell out of an empty wagon." When the economy does bounce back, Byrd predicted, Lee County will have plenty of good places for industry to expand or relocate. When completed, Central Carolina Community College's $3.2 million telecommunications school will include an administrative hub and one wing of classrooms, with additional instructional wings projected for construction over a 16-year period beginning in 2004. The central portion of the 20,295-square-foot school -- the section now being built -- features a library, student lounge, conference room and offices. Construction should be completed in late December or early next year. The North Carolina School of Telecommunications is the first tenant committed to the new phase of industrial development along an 8,500-foot stretch linking Colon and Womack Roads. Scheduled work on the site also includes installing a sanitary sewer system to serve new industries at the park and about 2,200 other acres around the Colon Road area. Bob Heuts, director of economic development for Lee County, believes the new section will be very attractive for companies. "This land runs along U.S. 1, which is where many companies want to operate," he said. "Because it provides such easy access to Apex, Cary and the Research Triangle Park, some industries looking at those areas of Wake County might travel a few miles south and discover how much better it can be doing business here." Ending his brief comments, Byrd said it is entirely appropriate that so many people came out to celebrate both the industrial park and telecommunications school at the same time. "The community college system in this state of North Carolina is the greatest tool that the Department of Commerce has to work with," he said. "You can have roads. You can have product, such as this 2,200-acre industrial site. You can have magnificent shell buildings. You can have the greatest livability of anywhere in the world. "But if you do not have educated people to go into whatever is coming or will come, folks, those roads are just going to take the client past you." The Lee County Economic Development Corp. is a nonprofit organization established to attract industry, enhance job opportunities and promote sound planning across Lee County. Funding is provided by the county, as well as the City of Sanford and Town of Broadway, the county's two municipalities. -- 30 -- Press Contacts: Bob Heuts, Director Jane Haber, Administrative Assistant Lee County Economic Development Corp. 919-774-8439 (phone) 919-775-5410 (fax) info@lcedc.com Media Web: http://www.lcedc.com/media/ This release: http://www.lcedc.com/media/releases/nr031203.txt College Web: http://www.cccc.edu