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The North Carolina Rural Infrastructure Authority (RIA) has approved 21 grant requests to local governments within the state, totaling $9,815,885 in investment. The grants include commitments to creating a total of 1,108 jobs and will attract more than $177 million in 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 12 grant requests under the Building Reuse Program, 11 of which were awarded to companies represented by the EDPNC, including:
Additionally, the RIA approved five Industrial Development Fund – Utility Account Program grants, two of which were awarded to companies represented by the EDPNC, including:
In addition to reviewing and approving funding requests, the NC 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 NC Commerce’s Rural Economic Development Division, visit www.commerce.nc.gov/rural-economic-development-division.