LEE COUNTY ECONOMIC DEVELOPMENT CORPORATION Southern Base of the Research Triangle Region NEWS RELEASE FOR IMMEDIATE RELEASE Tuesday, May 14, 2002 Contacts: Bob Heuts, Director Jane Haber, Administrative Assistant 919-774-8439 (phone) 919-775-5410 (fax) info@lcedc.com (e-mail) Media Web: http://www.lcedc.com/media/ This release: http://www.lcedc.com/media/releases/nr051402.txt Magazine article: http://www.nccbi.org/mag05-02CP.main.htm COMMUNITY LEADERS CELEBRATE COMMERCE, FEATURE IN "NORTH CAROLINA" MAGAZINE SANFORD -- More than 100 community leaders gathered early today to celebrate the accomplishments of local business and announce the recent publication of a feature article about Lee County in North Carolina magazine. The 20-page feature on Lee County appears in the May 2002 issue and describes how recent industrial expansion and the arrival of new companies have invigorated the traditionally-strong local economy. Related articles highlight the Temple Theatre, a restored downtown landmark hosting professional productions; plans for a major pottery studio and gallery expected to enhance Sanford's growing reputation as a center for the art; and the work of Wyeth Vaccines, a local company producing vaccines that prevent childhood diseases. Despite economic challenges caused by the recent recession, Lee County has fared pretty well, according to Tommy Mann Jr., chairman of the Lee County Economic Development Corp. Some facilities were lost, particularly in textiles, he said. On the other hand, other companies expanded local operations or opened new ones in Sanford -- even while the economy remained volatile. Lacing his comments with light-hearted vignettes involving some leaders in the crowd, keynote speaker Phil Kirk said Lee County was featured because it has been a progressive community that thrives with a sound, conservative fiscal policy. Kirk, who serves as president of North Carolina Citizens for Business and Industry, publisher of North Carolina magazine, also gave Lee County high marks for the participation of citizens in local politics, the high priority placed on public education, its solid infrastructure and a widespread entrepreneurial spirit. Despite the accomplishments of local business and industry, Mann said, more work still needs to be done. "Lee County will not stand on its past success," he told the elected and business leaders assembled for the breakfast celebration. "Our local officials understand and expect that we must grow," Mann said. "Without our elected officials, we wouldn't have an economic development corporation, but we also wouldn't have the vision we do." John Sauls, vice chairman of the economic development corporation also participated in the celebration. 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 --