North Carolina Department of Commerce announces Building Reuse Grant Program

The North Carolina Department of Commerce is requesting proposals for its Rural Building Reuse Program. Donor Name: North Carolina Department of Commerce State: North Carolina County: All Counties Type of Grant: Grant Deadline: 06/20/2024 Size of the Grant: Not Available Grant Duration: Grant Duration Not Mentioned Details: Building Reuse Grant Program develop older buildings in your community into assets to attract new or expanding businesses with the state’s Building Reuse Program. This program provides grants to local governments, using three categories of funding for: The renovation of vacant buildings The renovation or expansion of a building occupied by an existing North Carolina company wishing to expand in their current location The renovation, expansion or construction of health care entities that will lead to the creation of new, full-time jobs. Eligible Projects And Expenses Vacant Building Category Grants are available to support the renovation of vacant buildings. The building must be vacant for at least three months prior to application deadlines. Existing Business Building Category Grants are available to support the renovation or expansion of buildings occupied by a company operating in the state of North Carolina for at least 12 months. Companies must also meet the weekly wage standard, provide at least 50% benefits to employees and be represented on the Priority Industry Table. Rural Health Category Grants are available to support the renovation, expansion or construction of health care entities. The health care entity must be licensed by the State of North Carolina. Eligible applicants are units of local government located in either a Tier 1 or Tier 2 county, or a rural census tract in a Tier 3 county. In Tier 1 or Tier 2 counties, priority will be given to towns or communities with populations less than 5,000. As prescribed in N.C.G.S. 143B-472.127(a)(2), a rural census tract is an area having a population density of less than 500 people per square mile according to the most recent decennial federal census. The program requires a cash match equal to the grant request amount. The local government must contribute at least 5% of the cash match. The cash match shall come from local resources and may not be derived from other State or federal grant funds. For more information, visit NCDC.