North Carolina Approves $1.4 Million in Grants for Rural Infrastructure Projects

The North Carolina Rural Infrastructure Authority (RIA) has granted $1.4 million to local governments for infrastructure projects, creating 133 jobs and attracting over $68 million in private investment.

Why It Matters:

These grants will stimulate economic growth and improve infrastructure in rural areas, contributing to the overall development of the state and creating more job opportunities.

The Details:

• The RIA approved five grant requests, supporting projects in various counties:

  • Yadkin County: A $75,000 grant will aid the reuse of a 1,684-square-foot building, creating 8 jobs and bringing in a private investment of $133,337.

  • Granville County: A $500,000 grant will support the renovation of a 355,000-square-foot building, resulting in 70 new jobs and an investment of $30,927,478.

  • Vance County: A $75,000 grant will aid the renovation of a 4,500-square-foot building, creating 15 jobs and attracting an investment of $106,498.

• The RIA also approved two requests under the Industrial Development Fund–Utility Account program:

  • Town of Spring Hope (Nash County): A $434,730 grant will extend a water line to provide public water to a meat-packing facility, creating 40 jobs and a $2.2 million investment.

  • Pitt County: A $300,000 grant will fund the construction of a water line to support growth in the Ayden industrial district, attracting new jobs and private investment of at least $35 million.

Conclusion:

The grants approved by the RIA will lead to job creation, private investment, and improved infrastructure in rural areas of North Carolina, promoting economic growth and development across the state.