Surry Business

For and about business in Surry County, N.C., including Dobson, Elkin, Lowgap, Pilot Mountain and Mount Airy

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Millions for economic development

August 1st, 2007 · No Comments

Millions of dollars in the 2007-09 state budget will go toward economic and community development. Some of the appropriations may have an impact in Surry County. Here’s a partial list:

  • Matching funds for clean drinking water revolving funds: $9.4 million.
  • Additional state travel and tourism division funds: $750,000.
  • Promote Blue Ridge Parkway: $450,000.
  • Promote state’s grape-growing industry: $500,000.
  • One North Carolina Fund for economic development: $14 million.
  • One North Carolina Small Business Fund for economic development: $4.8 million.
  • Support Defense and Security Technology Accelerator, a business incubator to boost economic development in homeland security and defense industries: $1.5 million.
  • Increase funding for N.C. Institute of Minority Economic Development: $1.5 million.
  • N.C. Community Development Initiative: $3 million.
  • N.C. Minority Support Center: $3 million.
  • Create incentives for broadband in rural areas, distribute funds for cable access channels through e-NC authority: $4 million.
  • Expand N.C. Rural Economic Development Center Economic Infrastructure Fund and establish Rural Economic Transition Program: $19 million.
  • N.C. Rural Economic Development Center funds for water and sewer system grants to local governments: $100 million.

Tags: Economic development

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