REVITALIZING THE HEART OF THE CITY Downtown Albemarle has emerged as a vibrant showcase of the city’s commitment to preserving its character while fostering new opportunities. Through the Downtown Catalyst Grant, small grants are turning into big wins.“Last year, we leveraged 1.5 million dollars in private investment for just 90,000 dollars in grants,” Almond says.“One great example is Uwharrie Brewing, which used the grant to add a canning operation, bringing micro-manufacturing back downtown.” Historic preservation plays a defining role in Albemarle’s revitalization strategy. “We have 33 years of Main Street accreditation, which focuses is especially important for industries driven by automation and artificial intelligence.” Albemarle is also making sustainability part of its economic identity. “Our electrical source is 99 percent carbon-free,” Almond adds. “For companies focused on environmental responsibility, that is a major advantage.” Situated within a foreign trade zone and opportunity zone, the Business Center offers local, state, and federal incentives. “When you combine all of those opportunities,” Almond says, “it makes Albemarle a very competitive place for companies looking to expand or relocate.” 22 CIVIL AND MUNICIPAL VOLUME 06, ISSUE 11
RkJQdWJsaXNoZXIy MTI5MjAx