Johnston County discusses $55M Clayton Commerce Center economic development grant

The Johnston County Board of Commissioners convened on May 5, 2025, to discuss a significant economic development initiative aimed at bolstering job creation and investment in the region. The primary focus of the meeting was the proposed economic development incentive grant for the Clayton Commerce Center project, which is expected to create over 25 jobs with an average salary of $74,000.

Economic Development Director Chris Johnson presented the case for the grant, highlighting that Johnston County has missed out on over 25 job and investment opportunities due to a lack of available commercial space. He emphasized the urgency of developing existing buildings to attract businesses, noting that a staggering 77% of the county's labor force commutes outside for work. Johnson pointed out that neighboring counties are actively investing in their own business parks, which puts Johnston County at a competitive disadvantage.

The proposed project involves the construction of three state-of-the-art industrial facilities totaling 382,000 square feet, located on US 70 in Clayton. Johnson explained that the project, developed in partnership with Wiley Capital, aims to meet the growing demand for advanced manufacturing space. The county's financial commitment includes a lease program for a portion of the facilities, with a lease rate significantly below market value.

The total investment for the project is anticipated to exceed $55 million, with the economic development incentive grant structured to return 50% of the ad valorem taxes paid by the new business over five years. This model is designed to ensure that the county only pays out incentives based on actual new investments, minimizing financial risk.

Legal counsel Jennifer Slusher confirmed that the project meets all statutory requirements for economic development incentives, including job creation and capital investment. She noted that the anticipated economic impact could exceed $66 million, factoring in direct and indirect job growth.

The commissioners are expected to vote on the grant proposal in the coming weeks, with the hope that the Clayton Commerce Center will not only create jobs but also reverse the trend of local residents seeking employment outside the county. The initiative represents a strategic effort to enhance Johnston County's economic landscape and retain its workforce.