According to the North Carolina Department of Commerce, the North Carolina Rural Infrastructure Authority (RIA) approved 17 grant requests to local governments totaling $7,068,625. The requests include commitments to create a total of 869 jobs, 623 of which were previously announced. The public investment in these projects will attract more than $96.8 million in private investment.
The Department of Commerce’s team of rural economic development professionals supports the RIA’s work. RIA members review and approve funding requests from local communities. Funding comes from a variety of specialized grant and loan programs offered and managed by N.C. Commerce’s Rural Economic Development Division. Grants can support a variety of activities, including infrastructure development, building renovation, expansion and demolition, and site improvements.
The RIA approved 11 grants under the state’s Building Reuse Program in two categories, the Vacant Building Category and the Existing Building Category. In this region there are two projects listed under the Existing Building Category. In Burke County, a $312,000 grant will support the expansion of a building in Hildebran occupied by Marves Industries, a manufacturer of non-woven fabrics, acoustical materials, felt and composite materials. The company plans to add 10,000 square feet to the facility, while creating 25 jobs and investing $1,865,315 in this project.
In the City of Statesville, A $300,000 grant will support the renovation of a 343,184-square-foot building occupied by Badger Sportswear, a provider of team uniforms and performance athletic wear. The company plans to create 82 jobs and invest $3,693,802 in this project, which consolidates its operations from two other states into the Statesville facility.