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Building Reuse and Restoration Grants ProgramBackground
Commercial properties are economic assets in small towns across North Carolina, and many can be made even more valuable. The Building Reuse and Restoration Grants Program assists communities in realizing this potential. Vacant properties can be repaired and renovated for use by new or expanding businesses. Expansions or renovations to buildings currently in use can enable companies to add employees. Both options create jobs and much-needed tax base for struggling communities.
The Rural Center operates the program with funding provided by the N.C. General Assembly. The legislature created the Building Reuse and Restoration Grants Program in July 2004 as part of a broader effort to stimulate job creation in rural communities hurt by factory closings and layoffs. Measuring success Grants awarded through fiscal year 2011: 191 Total value: $31 million Businesses served: 260 Jobs created: more than 5,400 Private investment leveraged: more than $418 million |