Garner Economic Development Annual Report 2022 - Page 5

2021-2022
TARGETS LIFE SCIENCES

85

requests for information
RFIs BY THE NUMBERS

2021-2022

25,469

total potential jobs

$ 15.8B

total potential investment
Industry Key Adv . Manufacturing Life Sciences Other Industries
INQ 4300 PROJECT

TARGETS LIFE SCIENCES

The former Kmart building on Fayetteville Road is getting a new life . DRA Advisors and Mainstreet Capital purchased the 180,000 SF former retail space and will be transforming the building into a facility designed for the life science industry . This will be the first redevelopment specifically targeting the life science industry in Garner . At completion , this project stands to bring a significant amount of new jobs and investment to the community .
“ We ’ re excited about the innovative repurposing of this building and the potential impact it can have as the Town continues to aggressively pursue recruiting companies in the life science , advanced manufacturing , and technology sectors ,” said Mayor Ken Marshburn . “ It is another significant step in the diversification of Garner ’ s local economy .”