Report: State Must Decide On Global TransPark Future

The North Carolina General Assembly's government watchdog agency says a state-owned industrial park created 20 years ago has made progress recruiting businesses and well-paying jobs, but lawmakers need to decide whether to keep funding it.

The report on the Global TransPark in Lenoir County released Tuesday by the Legislature's Program Evaluation Division also said lawmakers need to establish a repayment schedule for the $40 million owed to the state by the TransPark's governing panel.

The TransPark has received nearly $250 million from state, local, federal and private sources since it began in 1991. The report found the TransPark now is home to about 370 jobs with average salaries well above the Lenoir County average. Spirit AeroSystems is supposed to generate hundreds more jobs by 2014.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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