N.C. House speaker discusses local economy
Wednesday, January 30th, 2008
By Staff
January 29, 2008 - 11:11PM
Staff Writer
Although it is struggling financially, Kinston’s Global TransPark is still receiving support from the state’s top legislators.
House Speaker Joe Hackney, D-Orange, told The Free Press Tuesday that the manufacturing park, which must pay off a $32 million debt to the state, must “be given a chance to succeed.”
The nearly 10-year-old TransPark receives $1.6 million in state funding each year. Hackney said the legislature would continue the funding stream; he also expects that legislators will continue to extend the debt payment deadline, which was recently pushed to 2009. (more…)
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