North Carolina Commerce Secretary John E. Skvarla, III and Assistant Secretary for Rural Development Dr. Patricia Mitchell announced today that the N.C. Rural Infrastructure Authority (RIA) approved 16 grants or loans totaling more than $4.7 million with the commitment of 392 new jobs.
The RIA was established as part of the Rural Economic Development Division at the N.C. Department of Commerce to assist with the review and approval of grants for rural areas in the state. The grants-making programs of the division include assistance for building reuse and well as infrastructure including water and sewer.
Economic Infrastructure Projects approved include a $500,000 grant to Gaston County that will allow Tosaf USA, Inc. to open a new facility in Bessemer City. The company specializes in the manufacturing and marketing of advanced polymers and compounds. Tosaf USA?s products are used by plastic molders and processors serving a wide range of industries including automotive, medical, electrical and packaging. The Bessemer City facility will be its first entry into the U.S. market. The proposed rail spur improvements include the extension of approximately 1,580 linear feet of rail line and necessary rights-o-way. Tosaf USA has committed to creating 60 new, full-time jobs over a two year period.
The Economic Infrastructure Program provides grants for a variety of public infrastructure, such as water and sewer, broadband infrastructure, natural gas, access road, and rail spur improvements.
Full press release: https://www.nccommerce.com/news/press-releases?udt_4733_param_detail=189366
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