|Program||# of Grants||EDA Funds|
|Economic Adjustment Assistance||3||$2,000,000|
During FY 2012, EDA awarded 18 grants totaling $7.3 million in the State of North Carolina to support economic growth and development through workforce development for its manufacturing cluster, leveraging the strength and opportunities of its agricultural industry cluster, and maximize communities’ abilities across the state to develop strategies that support long-term local driven economic growth. These investments are expected to create or retain 494 jobs according to grantee estimates.
Investment Spotlight: EDA Investment Repositions Local Economy for Emerging Industries
Richmond and Scotland counties are rural communities located in North Carolina’s south-central Piedmont. This region has experienced economic distress for many years as its three traditional economic engines – trains, textiles and tobacco – have contracted or relocated out of the region. However, as these traditional industries continue to fade, new job opportunities are developing across North Carolina from the state’s emerging energy production and transmission cluster and high tech manufacturing.
In an effort to position the south-central Piedmont as a hub for these emerging technologies, EDA awarded $2,038,364 to fund the expansion and renovation the Forte Building on the Richmond Community College Campus. The upgraded facilities will serve as a state-of-the-art, high-tech training hub for science, technology, engineering and math (STEM) related fields. The project will train skilled workers to meet the future needs of North Carolina’s advanced manufacturing and energy production/transmission industries, creating sustainable opportunities for the future. Grantees estimate that this EDA award will create 435 jobs and generate $35,000,000 in private investment across the region.