IDA Meeting

The Lee County Industrial Development Authority met Thursday, June 4th, for their regular monthly meeting. According to Community Development Director Michael James, the board was given an update on the Lane Group industrial study. Jeff Cochran spoke about property appraisals, which are done every 3 years and should be completed before next month’s meeting. The board agreed to withdraw $6,000 from their economic fund for an undisclosed property still under contractual negotiations. The Board of Supervisors will vote on this withdrawal during their monthly meeting on June 16th.

The IDA’s Spotlight Business for the month of June was Stone Mountain Health Services, which employs 93 employees throughout the county, making it the 10th largest employer. Stone Mountain also contributes $4.5 million of payroll and $1 million dollars of free or reduced health care to the county. Stone Mountain Health Services CEO Malcolm Perdue gave the board an update on the new facility that is set to open in August.

Next month, the IDA will spotlight Phone Zone Wireless located at the Westgate Mini Mall in Pennington Gap. The small business opened the first of this month and offers wireless phone services.

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