City council approves agreement to expand business
NORFOLK - The City of Norfolk is taking another step to help business grow after a decision by the Norfolk City Council.
At Tuesday night’s meeting, City Administrator Andy Colvin spoke on behalf of an agreement between the City and the Greater Norfolk Economic Development Foundation, where the city will contribute $300,000 of keno funds to establish a fund to be used for the purchase of land and site development for industrial and commercial use.
Colvin said an opportunity came up to purchase about 140 acres of land.
“We identified certain key industry and business segments for our region in Madison County and Norfolk. The goal is to try to design this area to attract those key industries that would be the best fit. Both looking at outside wanting to come in (to Norfolk) and also help existing ones grow.”
Colvin added many cities in Nebraska already utilize these kinds of agreements.
The council voted unanimously to approve the agreement.