Bombardier Recreational Products (BRP) will be one beneficiary of the state of North Carolina’s US$17m in grants to support rural economic development projects.
The North Carolina Rural Infrastructure Authority (RIA) approved 23 grant requests that include commitments to create a total of 425 jobs, 186 of which were previously announced. The grants will attract $117.6m in private investment in these projects, according to a news release from the state’s Commerce Secretary Anthony Copeland.
BRP is one of 10 grant recipients under the state’s building reuse program for existing facilities. The US$112,000 grant will help the company renovate an 85,000sq ft building in Spruce Pine, North Carolina, where the company produces boat engine parts. The project will create 10 new jobs and attract US$4.9m in private investment.
The Building Reuse Program provides grants to local governments to renovate vacant buildings, renovate and/or expand buildings occupied by existing North Carolina companies.