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.
RALEIGH–Sanctuary Systems, a developer and marketer of fiber technology and nonwoven materials, will create 118 jobs at a new facility in the Town of Fremont, local officials said Thursday. The project brings Wayne County a capital investment of $4.9 million.
Sanctuary Systems, is a North Carolina State University start-up company. It develops specialty fibers and non-woven materials for applications in markets that include consumer products, beauty products, apparel, filtration products, acoustics, and health and medical products. Among its products are high-quality face coverings and other personal protective equipment (PPE).
“We are very excited to welcome Sanctuary Systems, LLC to Wayne County,” said NC House Majority Leader John Bell. “This project is a big deal for our local economy. It will bring good jobs and critical new investments to our region. I want to thank everyone who helped make it happen.”
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.
âRural 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,â Governor Cooper said. âWhen 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.â