IDF Utility Account Grant
NC Department of Commerce
Funding Amount
Varies
Matching Funds
A cash match equivalent to at least 25% of the grant amount is required for projects not located in one of the state’s 25 most distressed counties. In-kind match is not allowable
Funding Cycle
Pre-applications should be received 45 days prior to the published date of the next scheduled Rural Infrastructure Authority (RIA) meeting
Upcoming Meetings:
October 19, 2023
December 7, 2023
February 15, 2024
April 18, 2024
June 20, 2024
Description
Construction or improvements to water, sewer, gas, telecommunications, high-speed broadband, transportation infrastructure or electrical utility lines and for equipment for existing or proposed industrial buildings
Who Can Apply
Applicant must be located in one of the 80 most distressed counties under G.S. 143B-437.08. To be eligible for funding, the infrastructure is required to be on the building site or if not located on the site, directly related to the operation of the specific industrial activity
Check for a list of Tier 1 and Tier 2 counties on webpage
Applicants must show that the improvements will result in the creation of new, full-time jobs in the private sector within 24 months of the grant award. Part-time, Full-Time Equivalents (FTE) positions, or contract and consulting jobs are ineligible. Must be at least 1 full time position
Additional Eligibility Requirements
Guidelines and Requirements:
https://www.commerce.nc.gov/media/6280/download?attachment
Location(s)
80 most distressed counties in NC
Check for a list of Tier 1 and Tier 2 counties on webpage
Additional Information
For more information about the Industrial Development Fund - Utility Account, contact:
Heather C. Sains
Grant Manager, Commerce Finance Center
Phone: (919) 814-4642
Email: heather.sains@commerce.nc.gov
