Press release from N.C. Department of Commerce:
Raleigh, N.C. – The North Carolina Rural Infrastructure Authority (RIA) approved 17 grant requests to local governments totaling $7,068,625, N.C. Commerce Secretary Anthony M. Copeland announced today. The requests include commitments to create a total of 869 jobs, 623 of which were previously announced. The public investment in these projects will attract more than $96.8 million in private investment.
“Bringing opportunity and prosperity to all parts of North Carolina requires that we make smart investments in infrastructure in order to put rural communities in position to succeed,” Secretary Copeland said. “Rural Infrastructure Authority grants continue to be essential tools for economic development and the creation of good jobs.”
The North Carolina Department of Commerce’s team of rural economic development professionals supports the RIA’s work. RIA members review and approve funding requests from local communities. Funding comes from a variety of specialized grant and loan programs offered and managed by N.C. Commerce’s Rural Economic Development Division, led by Assistant Secretary for Rural Development Kenny Flowers. Grants can support a variety of activities, including infrastructure development, building renovation, expansion and demolition, and site improvements.
“The projects approved for grants today will help rural North Carolina attract jobs, support business growth and prepare sites for future development,” said Assistant Secretary Flowers. “The Rural Economic Development Division at Commerce and the Rural Infrastructure Authority work closely with rural community leaders to strengthen their economies and encourage investment.”
The RIA approved 11 grants under the state’s Building Reuse Program in two categories:
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Existing Building Category
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- McDowell County: A $150,000 grant will support the renovation of a 40,000-square-foot building located in Marion occupied by Buechel Stone, a fabricator of natural stones for the commercial and residential markets. The project is expected to create 12 jobs with an investment of $1,390,926 by the company.
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