In the aftermath of Tropical Storm Helene, which struck the North Carolina mountains, Chris McKendree, a Florida entrepreneur, pledged to bring economic revitalization to Yancey County through his company, Paradigm Energy and Storage. His ambitious plan included a $175 million investment and the creation of 150 jobs by 2027. However, over a year later, the promises remain unfulfilled, and the project appears to be stalled.
Unmet Promises and Community Concerns
McKendree’s proposal was initially met with enthusiasm, leading Yancey County to grant Paradigm an 84.5-acre parcel valued at $2.6 million. Yet, no construction has begun, and Paradigm Energy seems to exist only on paper. The company lacks an online presence and legitimate contact information, raising doubts about its viability.
Paradigm has defaulted on its agreement with the county, owing over $16,800 in unpaid property taxes and failing to file necessary reports to remain active in North Carolina. Additionally, the company sold a portion of the deeded land without apparent legal authority, further complicating the situation.
Community and Official Silence
Despite the growing concerns, local officials and stakeholders have remained largely silent. Yancey County officials have not responded to inquiries about their communication with Paradigm or potential legal actions. The Economic Development Partnership of North Carolina, instrumental in connecting Paradigm to the county, also declined to comment.
At the project’s announcement, McKendree emphasized his Christian faith and commitment to the community, but his presentation lacked specifics, leaving many residents skeptical. Community members like Landon Beaver and Tal Galton expressed doubts about the project’s authenticity, noting the lack of information available about Paradigm.
Questionable Documentation
Further investigation revealed inconsistencies in Paradigm’s business registration, including false contact information and a deceased registered agent. The company’s development plan contained contradictory statements, claiming both to be unlaunched and to have 75 employees, though no evidence supports the latter.
As Yancey County residents await clarity, the situation underscores the importance of due diligence in economic development projects, especially in communities seeking recovery and growth.
Original reporting: Carolina Public Press — read the source article.
