With one of the highest jobless rates in the state, unemployment is one problem plaguing Marion County.
But a new, $40 million dollar project which is said to bring in 3,000 jobs, now has the go-ahead.
Located near the interchange at I-75 and US Highway 27 in Ocala, the Magna project is designed to soon transform the 400-plus acre parcel into a bustling industrial park.
It has been 10 years in the making and was finally signed off on last week. It is a joint venture between the City of Ocala, Marion County and the developer, Ocala 489, LLC. The City is making a $12 million dollar investment, with $13 million coming from the County and another $15 million coming from the developer.
"I have a good feeling that, you know, this piece of property is going to play a key role in the economic recovery of our community for today and for tomorrow," Marion County Commissioner, Mike Amsden told TV20.
The Magna project brings with it railroad access for freight and industrial transportation. Groundbreaking on infrastructure will not begin until at least next spring.