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· 1987 Annual Report page 4: <br /> <br /> Utilities which is extremely impOrtant for the attraction of new <br />.induatr~es was another one of our active areas where we supported the <br />water bond effort in May which was approved by the voters and the sewer <br />bond effort in December which from an economic development point of view <br />was not a positive when it was defeated but we are working to continue <br />our efforts with the county officials and developers in a 75/25% participation <br />payback plan. we must continue growth in the future and for this to be <br />accomplished we must have utilities available in all industrial growth <br />areas. <br /> <br /> We go into 1~88 still feeling very positive about Cabarrus County. <br /> <br />In January two announcements have been made with building permits being <br />issued in excess' of one half million dollars for two businesses to come <br />to the Cloverleaf Shopping area. ThisgrOwth is created when we have new <br />manufacturing jobs as we ,know that with every manufacturing job created <br />1% t° 1% service area jobs are created. We must seek future industrial <br />growth properly planned and continue the activities of the Cabarrus County <br />Economic Development Corporation so as to, secure for not only ourselves, <br />but for future generations a well balanced county that has beth industrial <br />and residential growth while making sure we are not becoming a bedroom <br />community for adjoining counties. <br /> <br /> Branson Jones <br /> Executive Vice President <br /> <br /> <br />