12-10-2021 – Granite Falls company land grant for rural areas

Posted on: December 13th, 2021 by admin No Comments

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December 10, 2021

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By NEWS-TOPIC STAFF

Dec 10, 2021 Updated Dec 10, 2021

 

RALEIGH — A Granite Falls company is one of 16 grant recipients chose by the North Carolina Rural Infrastructure Authority (RIA).

 

On Thursday, Dec. 9, Gov. Roy Cooper announced that the RIA, the appointed board that awards grant funds for rural community development, has approved 16 grant requests to local governments totaling $4.1 million. The requests include commitments to create 718 new positions, 144 of which were recently announced. The public interest in these projects is expected to draw more than $95 million in private venture.

 

“Our rural communities are the backbone of our state,” Cooper said. “The effects of the pandemic have been profound, but our people are resilient, and these grants will stimulate economic growth through building reuse and other infrastructure.”

 

The North Carolina Department of Commerce’s group of rural economic development experts works with RIA to audit and support funding requests from local communities. Financing comes from an assortment of grant and loan programs offered by N.C. Business’ Rural Economic Development Division, led by Assistant Secretary for Rural Development Kenny Flowers. Grants can support a number of activities, including foundation renovation, building redesign, expansion, demolition, and site upgrades.

 

“These grants allow us the opportunity to unite good businesses with good people,” N.C. Commerce Secretary Machelle Baker Sanders said. “While businesses will benefit from access to our high-quality workforce, our rural communities will expedite their post-pandemic economic recovery through the creation of hundreds of well-paying jobs and millions in private investment.”

 

The Building Reuse Program provides financial support to local governments for renovating vacant buildings, renovating and/or expanding buildings occupied by existing North Carolina companies, and renovating, expanding, or constructing 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.

 

The RIA approved 15 grant requests, six from surrounding counties, under the state’s Building Reuse Program in three categories: The Vacant Building category, the Existing Business Building category, and the Rural Health category.

 

In the Vacant Building category, the town of Granite Falls was granted $200,000 to support the reuse of a 22,000-square-foot building, where SERVPRO plans to locate its operations. The company specializes in mass and individual disaster cleanup and restoration, and offers a variety of services that include fire, smoke, and soot restoration, mold mitigation and remediation, and general cleaning and deodorizing services. This project is expected to create 25 jobs, with an investment of $500,000 by the company.

 

In the Existing Business Building category, three grants were approved throughout several surrounding counties.

 

In Burke County, a $240,000 grant will support the renovation of a 40,000-square-foot building in Morganton. The building is occupied by Toner Machining Technologies, Inc., which specializes in milling and machining operations for the energy, automotive, transportation, and nuclear fields. This project is expected to create 30 jobs, with an investment of $672,000 by the company. Additionally, a $240,000 grant will support the renovation of a 195,000-square foot building in Morganton, which is currently occupied by E.J. Victor, Inc., a locally-owned, high-end furniture manufacturer that has become a top licensing partner to premier global lifestyle brands. The project is expected to create 30 jobs with an investment of $1,617,880 by the company.

 

In the city of Conover in Catawba County, $440,000 will support the renovation of a 145,000-square-foot building occupied by Sherrill Furniture, a 75-year-old upholstery and case goods manufacturer offering mid- to high-end home furnishing products. The overall project is expected to create 90 jobs and attract an investment of $2.9 million, while 80 jobs and the company’s investment of $2,543,000 are already tied to this grant.

 

In the Rural Health category, the city of Mount Airy in Surry County was awarded $500,000 to support the 25,000-square-foot expansion of Northern Regional Hospital’s existing facility. The hospital serves over 100,000 residents in a six-county region of North Carolina and Virginia. The organization expects to create 50 jobs, with a private investment of $8,900,000 in the project.

 

The RIA approved one grant request under the state’s federally-funded Community Development Block Grant (CDBG) Economic Development program. The city of Statesville in Iredell County was given a $350,000 grant for the renovation of Parker Hannifin’s newly purchased manufacturing building in Statesville. Parker Hannifin is a Fortune 250 global leader in motion and control technologies, and manufactures fluids and filtration products for industrial use. The project is expected to create 30 jobs, with an investment of $3,823,041 by the company.

 

The Community Development Block Grant program is a U.S. Department of Housing and Urban Development (HUD) program managed to a limited extent by N.C. Commerce. CDBG’s economic development funds give awards to local governments for creating and retaining jobs. Project funding depends on the number of jobs to be created and the level of economic distress of applicant communities.

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