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The North Carolina Rural Infrastructure Authority (RIA) has approved nine grant requests to local governments within the state, totaling $2,941,000 in investment. The grants include commitments creating a total of 137 jobs and will attract more than $52 million in public and private investment.
The Rural Infrastructure Authority is a 17-member board that awards Rural, Community Development Block Grant (CDBG), and Utility grant funds, which include the Building Reuse Program and the Industrial Development Fund – Utility Account program. The Building Reuse Program provides grants to local governments to renovate vacant buildings, renovate and/or expand buildings occupied by existing North Carolina companies, and renovate, expand or construct healthcare facilities that will lead to the creation of new jobs in Tier 1 and Tier 2 counties and rural census tracts of Tier 3 counties.
The RIA approved five grant requests under this program, four of which were awarded to companies represented by the EDPNC. These four grants fall under the Vacant Building, Existing Business Building, and Rural Health Building categories. The grantees supported via partnership with the EDPNC include:
Vacant Building Category
Existing Business Building Category
Rural Health Building Category
In addition to reviewing and approving funding requests, the N.C. Rural Infrastructure Authority formulates policies and priorities for grant and loan programs administered by N.C. Commerce’s Rural Economic Development team. The Governor, Speaker of the House and Senate President Pro Tem appoint its 17 voting members. The North Carolina Secretary of Commerce serves as a member of the Authority, ex officio.
For additional information about N.C. Commerce’s Rural Economic Development Division, visit www.commerce.nc.gov/rural-economic-development-division.