The city of Greensboro is looking to build off momentum from Toyota’s electric vehicle battery plant that’s under construction at the nearby megasite. The city was notified this week that it will receive a federal grant to help study possibilities. Greensboro has been awarded an Economic Adjustment Assistance grant of $100,000. The money will be used to conduct a land-use study along the U.S. Highway 421 Corridor. It’s a matching grant, so the city will also chip in funds.
Several municipal projects in Guilford County will get a boost from federal COVID-19 relief money. The county’s board of commissioners recently approved releasing a third round of funds from the American Rescue Plan Act. The $41 million pot of money is being allocated to six municipalities in Guilford County: Greensboro, Stokesdale, Oak Ridge, Pleasant Garden, Gibsonville, and Summerfield.
State legislators have eased the workforce requirement — from 5,000 employees to 4,500 — that Toyota Motor North America Inc. must meet to qualify for the full amount of state
Looking to start a new business? North Carolina could be the place for you. CNBC and Business Facilities Magazine just ranked NC as the best for doing business.
North Carolina legislative budget writers have embraced a version of the “success begets success” mantra when it comes to economic-development expectations for the next fiscal year.