McDowell Economic Development Association, Inc.

Financial Overview


The renovation of the 50,000 square foot training center cost 3.6 million dollars.

The resources and revenues came from the following sources:

            Golden Leaf Foundation                   $2,140,000

            Appalachian Regional Commission       $300,000

            Canon Foundation                              $150,000

            McDowell County local govt.             $1,321,095

Total:                                                         $3,911,695


This total includes renovation for the 22,000 square feet of main campus space.

In addition, Grants were secured for equipment:


            Duke Energy Equipment Grant            $240,000

            ARC Equipment Grant                        $100,000