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 seven grant requests under this program in the Vacant Building, Existing Business Building and Rural Health categories:
Vacant Building Category
Town of Boiling Springs (Cleveland County): A $25,000 grant will support the reuse of an 800-square-foot building, where Hannah’s Coffee House plans to establish a second location. The company sells locally-made coffee and sweet treats and has been in business for 10 years. This project is expected to create five jobs, with a private investment of $37,369.
City of Lexington (Davidson County): A $200,000 grant will support the reuse of a 65,000-square-foot building in Lexington. The building has been vacant for six months, and will be occupied by Millwork Brands, Inc., a retailer and wholesaler of doors, frames, and hardware for commercial construction. The company, which is a premier supplier to the single-family, multifamily, student, and senior housing industry, plans to create 27 jobs and invest $1,231,074 in this project.
Lenoir County: A $450,000 grant will support the reuse of a 26,820-square-foot building in Kinston. Infinity Link Communications, Inc., a high-speed internet, telephone, and television provider that currently serves customers in Greene, Lenoir, Wayne, Pitt and Edgecombe counties, will establish a new facility at this location. The company plans to install more than 700 miles of fiber in unincorporated areas in Lenoir County. The project is expected to create 51 jobs, with an accompanying private investment of $46,579,538.
Swain County: A $25,000 grant will support the reuse of a 9,952-square-foot building in Bryson City. Wise Guyz Grille, a full-service burger and pizza restaurant, will establish its fourth restaurant here. The project is expected to create five jobs and bring in $352,250 in private investment.
Existing Business Building Category
City of Burlington (Alamance County): A $100,000 grant will support the 60,000-square-foot expansion of Matthews International’s facility in Burlington. Matthews International is a manufacturer of high-tech custom energy storage, marking, coding and industrial automation technologies and solutions, with over 11,000 employees in 200 locations worldwide. The company expects to create 14 jobs and invest $4,900,000 in this project.
Stanly County: A $90,000 grant will support the 4,000-square-foot expansion of an existing building in Locust. The building is currently occupied by Flextol, a family-owned company that specializes in fabrication of jacketed valves, pipe flexible metal hoses, and PTFE (polytetrafluoroethylene) hose and expansion joints. The company expects to create 11 jobs and invest $329,645 in this project.
Rural Health Category
Town of Spencer (Rowan County): A $75,000 grant will support the 2,366-square-foot expansion of Cabarrus Rowan Community Health Centers, Inc.’s facility in Spencer. The primary health clinic expects to create seven jobs and invest $2,185,120 in this project.
The Industrial Development Fund – Utility Account provides grants to local governments located in the 80 most economically distressed counties of the state, which are classified as either Tier 1 or Tier 2. Funds may be used for publicly owned infrastructure projects that are expected to result in new job creation. The IDF – Utility Account is funded through a process tied to the state’s signature Job Development Investment Grant (JDIG) program. When JDIG-awarded companies choose to locate or expand in a Tier 2 or Tier 3 county, a portion of that JDIG award is channeled into the Utility Account. The RIA approved two requests under this program:
City of Thomasville (Davidson County): A $500,000 grant will enable the city to extend sewer capacity to Nucor’s new steel product manufacturing facility in Thomasville. As previously announced, the company plans to create at least 180 jobs and invest $350 million in the overall project, with 150 jobs and an investment of $310 million tied to this grant.
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 the website.