Local Governments Learn How To Benefit From Amendment One
Posted December 9, 2004
FRANKLINTON, N.C. — Voters passed the use of self-financing bonds, known as Amendment One, in November. Now, local governments are learning how to use it.
Backers say it will benefit communities like Franklin County. The county wants to use the bonds to pay for improvements at the old cotton mill and textile plant. County officials think that will attract new business.
"It's a tool the county commissioners and the town council can use to bring economic development into our county and towns," economic developer Ronnie Goswick said.
Economic developers from across the state met in Raleigh Wednesday to learn more.