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Davidson County businesses keep the doors open with $200 million in PPP loans

The Dispatch When the COVID-19 pandemic hit, some of those who were most affected were businesses, especially restaurants, retailers, and other independently-owned businesses. The Paycheck Protection Program is a federal program that provided businesses with two rounds of low-interest loans to cover payroll expenses in an effort to keep employers from laying off their workers. Here is a breakdown of how much money was given to businesses in Davidson County and how many jobs were saved. How many loans were given, and how many jobs were retained? Businesses in Davidson County received a total of 1,451 loans leading to a reported 15,107 jobs retained and between $114 and $215 million in funding through the Payroll Protection Program.

Triad gains nearly $4 million in state rural grant funding

The N.C. Rural Infrastructure Authority said Thursday it has approved providing a combined $3.94 million in grant funding to several Triad government entities to assist 12 economic-development projects. Forsyth County received $130,000 toward the reuse of a vacant 65,000-square-foot building in Winston-Salem by Addiction Recovery Care Association Inc., a nonprofit organization that provides drug and alcohol treatment services. The group expects to create 13 jobs and spend $1.13 million in capital investments on the project. The N.C. Division of Health Service Regulation posted on Oct. 8 that it had given three conditional certificate-of-need approvals to Addiction Recovery Care involving the transfer of a series of treatment beds.

Triad cities, counties win 14 infrastructure grants to spur 580 jobs, $491M of investment

Triad cities, counties win 14 infrastructure grants to spur 580 jobs, $491M of investment
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Cooper hands out Nearly $13 Million in Rural Infrastructure Grants

Funds will help attract 375 New Jobs and more than $528 million in Private Investment RALEIGH: The North Carolina Rural Infrastructure Authority (RIA) has approved 30 grant requests to local governments totaling $12,969,015, Governor Roy Cooper announced today. The requests include commitments to create a total of 839 jobs, 464 of which were previously announced. The public investment in these projects will attract more than $528 million in private investment. “Rural Infrastructure Authority grants help our cities, towns and counties address critical infrastructure needs like buildings, water and sewer so they can attract new, good-paying jobs,” Governor Cooper said. “When we invest in rural communities, we are demonstrating that North Carolina is open for business with the tools and workforce to help companies compete globally.”

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