West Jefferson expands CRA to two additional properties

West Jefferson Village Council recently added a 2.4-acre parcel on Enterprise Parkway and a 180-acre property along U.S. Route 40 to a Community Reinvestment Area (CRA) agreement that provides a 100 percent property tax exemption for the next 10 years, the Messenger reports. Core 5 Industrial Partners “plans to build three buildings on the 180-acre property” and also “plans to extend U.S Route 29 to the end of their property,” according to the article. Core 5 recently purchased a property already covered by the CRA and adjacent to the 2.4-acre property; extending the CRA “allows Core 5 to expand into the area.” For more, read the full article.

Economic Development, Financial Incentives, State Updates