RALEIGH — The N.C. Rural Infrastructure Authority (RIA) has approved 19 grant requests, including to the towns of Siler City and Troy, totaling $7,275,100.
N.C. Commerce Secretary Anthony M. Copeland made the announcement, adding that the requests include commitments to create a total of 407 jobs, 167 of which were previously announced. The public investment in these projects will attract more than $95 million in private investment.
“Rural North Carolina communities have a lot to offer families and businesses, and they need infrastructure that complements those unique assets,” Copeland said. “These new Rural Infrastructure Authority grants will help invest in that infrastructure and support the creation of good jobs across our state.”
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 RIA approved 14 grants under the state’s Building Reuse Program in two categories, Vacant Building Category and Existing Building Category, including a grant for the Town of Siler City.
* Town of Siler City (Chatham County), in the Vacant Building Category: The $235,000 grant will support the renovation of a 76,000-square-foot building, where A.D. Tubi, a manufacturer of welded tubes made of stainless steel, nickel alloys and titanium, will locate its first manufacturing facility in North America. The project, in which the company is investing $6,291,073, is expected to create 19 jobs.
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 health care facilities that will lead to the creation of new jobs in Tier 1 and Tier 2 counties and in rural census tracts of Tier 3 counties.
Article Source: The Courier Tribune