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InterMarket Technology makes offer on industrial park lot

InterMarket Technology wants to buy about 3.39 acres at the Washington-Beaufort County Industrial Park so it can expand.

To facilitate that sale at $7,000 an acre, the city and Beaufort County are operating under an interlocal agreement that allows the county to act as the agent for the upset bid process and accept the offer from Scott Gardner, an InterMarket Technology executive, to buy lot 3 in the industrial park.

The council approved the interlocal agreement and sale price during its meeting Monday. It also approved $8,100 as the city’s portion of a “match” for a $50,000 grant from the One North Carolina Fund to help facilitate InterMarket Technology’s relocation from Wayne, New Jersey, to Beaufort County. InterMarket Technology makes point-of purchase displays and recycling bins for Fortune 500 companies. It plans to invest nearly $2.7 million and create 57 jobs over three years. Those new jobs, according to a news release from Beaufort County Economic Development, will bring a yearly payroll influence of $1.7 million to the local economy.

Beaufort County is providing $8,567 as its grant match. InterMarket Technology, founded in 1995, has 15 employees working at the industrial park, according to Martyn Johnson, Beaufort County’s economic-development director.

Under the upset bid process, other parties have 10 days after the original bid is offered to submit higher bids (higher by a specified percent). If a higher bid is received, other parties may submit higher bids during another 10-day period. That process can be repeated several times. Once a bid is received and not upset by another bid within 10 days, that bid becomes the winning bid.

After the sale is completed and costs such as advertising are deducted from the sale amount, the county and city will split the remaining money, with the county getting 55 percent and the city receiving 45 percent.

About Mike Voss

Mike Voss is the contributing editor at the Washington Daily News. He has a daughter and four grandchildren. Except for nearly six years he worked at the Free Lance-Star in Fredericksburg, Va., in the early to mid-1990s, he has been at the Daily News since April 1986.
Journalism awards:
• Pulitzer Prize for Meritorious Public Service, 1990.
• Society of Professional Journalists: Sigma Delta Chi Award, Bronze Medallion.
• Associated Press Managing Editors’ Public Service Award.
• Investigative Reporters & Editors’ Award.
• North Carolina Press Association, First Place, Public Service Award, 1989.
• North Carolina Press Association, Second Place, Investigative Reporting, 1990.
All those were for the articles he and Betty Gray wrote about the city’s contaminated water system in 1989-1990.
• North Carolina Press Association, First Place, Investigative Reporting, 1991.
• North Carolina Press Association, Third Place, General News Reporting, 2005.
• North Carolina Press Association, Second Place, Lighter Columns, 2006.
Recently learned he will receive another award.
• North Carolina Press Association, First Place, Lighter Columns, 2010.
4. Lectured at or served on seminar panels at journalism schools at UNC-Chapel Hill, University of Maryland, Columbia University, Mary Washington University and Francis Marion University.

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