An unnamed medical device company is looking at building its distribution center for the eastern United States in Four Oaks, economic development officials said Tuesday.
If the town succeeds in luring the Fortune 500 company to the new Four Oaks Business Park along Interstate 95, it would create 74 full-time jobs, said Garnet Bass, a spokeswoman for the N.C. Rural Economic Development Center.
The center has awarded a $737,958 grant to the Town of Four Oaks to extend water and sewer service to the site of the distribution center. But Four Oaks Mayor Linwood Parker said the grant money only applies if the company picks Four Oaks. He said he doesn't expect to hear a final decision for several more weeks.
"We had to have some money to put in that infrastructure should they choose to come," Parker said. "All that is just on a hope that something will happen."
Parker wouldn't say what other towns are in the running. "There’s probably three other mayors that feel like they’ve got a good chance," he said.
The rural center's money would be matched by the town or other grant sources to cover the rest of the service extension's $1.5 million cost.
If the company settles on Four Oaks, Bass said, construction would likely begin in September with the new employees heading to work sometime in 2011.
The Four Oaks Business Park, a 400-acre industrial park at I-95's exit 87, has been in the works since 2007. The medical device company would be its first tenant.
Read last month's story on efforts to attract the company here.