North Carolina Railroad Company Expands Grant Initiatives
The North Carolina Railroad Company (NCRR) is thrilled to announce an expansion of its Build Ready Sites Program (BRS) to include two grant application rounds in the upcoming year. This strategic move is aimed at facilitating rail-served industrial site development across communities.
Details of the Application Rounds
The first application window opens soon, running through the early summer months. This new structure marks an innovative change, allowing two opportunities for funding in a single year—an ideal solution to meet the rising developmental needs of various regions.
Each application round is set to disperse up to $3 million in grants, marking a significant investment in community infrastructure and economic growth.
Importance of Industrial Sites in Development
“Ready-to-build industrial sites are vital to improving our state’s infrastructure for attracting new businesses,” stated Carl Warren, President and CEO of NCRR. The expansion of the Build Ready Sites program directly addresses the increasing demand for domestic manufacturing and serves as a crucial asset for rapid project launches.
Since launching the program in 2021, BRS has successfully awarded over $9.3 million in funding to various counties, resulting in the creation of more than 3,500 acres tailored for rail-served industrial use.
Grant Application Guidelines
Potential sites seeking funding can apply for generous amounts, with grants reaching up to $500,000 per project. However, sites located within the NCRR corridor can access even higher funds, making it easier for communities to develop their infrastructure.
The grant initiative prioritizes sites in rural and economically challenged areas, with strict guidelines that require a minimum of 50 contiguous acres and proximity to potential rail services.
Community Testimonials on Grant Impact
Many community leaders, like Randy Collins from the Anson Economic Development Corporation, are vocal about the significance of these grants. Collins noted that, “The BRS funding will help us kickstart essential site preparations that boost our attractiveness to potential businesses.” Such sentiments reflect the overarching positive impact that NCRR’s initiatives have on local economies.
In the last grant allocation, Anson County was among several recipients, receiving substantial support aimed at completing critical improvements for industrial readiness.
Investment in Infrastructure
Each community awarded grants is using the funding to improve vital infrastructure. For instance, Guilford County utilized their funding for essential water and sewer enhancements at their Southeast 85 PowerPlex site, aiding future industrial recruitment efforts.
Moreover, collaboration plays a significant role in these projects. For example, joint efforts with local electric cooperatives support site readiness across multiple counties.
Seeking Community Support
All eligible projects need to showcase strong community backing, offering a 20 percent match while confirming service from the respective railroads involved.
“Economic development thrives on teamwork, and we commend the partnerships formed with our rail companions to create opportunities that elevate our sites’ readiness for industry attraction,” shared Crystal Gettys, Business Recruitment Director.
How to Apply for Grants
Communities looking to benefit from these grants should prepare by reviewing the program guidelines. Interested parties can create an account online to submit their applications for the spring initiative.
About NCRR
The North Carolina Railroad Company has been a cornerstone in driving economic development for more than 175 years. Managing a 317-mile corridor, NCRR exemplifies how rail can be leveraged to create prosperous opportunities. The company consistently seeks innovative ways to enhance the efficiency and safety of its services.
Frequently Asked Questions
What is the Build Ready Sites Program?
The Build Ready Sites Program is an initiative by NCRR aimed at enhancing rail-served industrial site development through financial grants.
How much funding can a community receive?
Communities can apply for grants of up to $500,000, with sites along the NCRR corridor eligible for up to $750,000.
Who is eligible to apply?
Eligible applications are open to any rail-served site with at least 50 contiguous acres. Proposals from distressed rural communities are prioritized.
What are the requirements for application?
Applicants must provide community support, a 20 percent matching contribution, and service confirmation from the relevant railroad.
When are the grant applications open?
The first application round opens soon, followed by another in the fall, marking the first time two rounds are offered in one year.
