The Randolph County Development Authority (RCDA) has approved the purchase of the Reidbord Building for $2.4 million. The building, located on Wilson Lane, will soon house 22nd Century Technologies, a national cybersecurity firm that will be opening a secured Managed Services Facility at the location. The purchase of the building will diversify the local economy by providing jobs for those with IT, computer science, software development, and other technology degrees. The current tenants, Coordinated Council for Independent Living and CDP Development, will remain in their current location. However, 22nd Century Technologies will take over the first suite, which formerly housed IBEX Global. RCDA Executive Director Robbie Morris stated that the RCDA executed a lease agreement, and the lease will be in perpetuity until 22nd Century Technologies fulfills some requirements, and then they will purchase the building from RCDA for the amount left on the loan.
The Randolph County Development Authority (RCDA) has purchased the former Reidbord Building for $2.4 million, as approved during a special meeting on Thursday morning. The building, located on Wilson Lane, will soon be home to 22nd Century Technologies Inc., a national cybersecurity firm that will be opening a secured Managed Services Facility at the location. The firm is expected to hire up to 40 local employees in the next year and a half, and will diversify the local economy by providing jobs for those with IT, computer science, software development, and other technology degrees.
The RCDA Board of Directors agreed to buy the building from CGP Development, and the purchase is set to be closed on Tuesday. Currently, the building has two occupants in four of the available suites, and the Coordinated Council for Independent Living and CDP Development, the current tenants, will remain in their current location. However, 22nd Century Technologies will take over the first suite, which formerly housed IBEX Global.
Randolph County Executive Director Robbie Morris said that the purchase of the building was related to the 22nd Century Technologies Project that was recently announced, and he expressed excitement about the opportunity for the county. Morris added that the company will also provide jobs for others in the community, with a variety of job opportunities from top to bottom, which is exciting as well.
The RCDA approved the signing of a lease agreement with 22nd Century Technologies during the meeting on Thursday, along with some various resolutions related to some documents that were needed to facilitate the closing of that property. 22nd Century Technologies is a massive company with around 7,500 employees throughout their footprint. It provides a variety of IT services, software development, cybersecurity, and other things of that nature for government entities. This will be the first technology company of its type to be in Randolph County, which further diversifies the local economy and provides a whole new sector for employees who have IT, computer science, software development, and other technology-related degrees.
Randolph County Development Authority (RCDA) Executive Director Robbie Morris stated that the RCDA executed a lease agreement and purchased the building for $2.4 million. The lease will be in perpetuity until 22nd Century Technologies fulfills some requirements, and then they will purchase the building from RCDA for the amount left on the loan.
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