Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • High Return Value Mutual Funds in the Last 5 Years – Money Insights News
    • HSBC Mutual Fund launches RedHex Hybrid Long-Short Fund under SIF route; NFO closes June 16
    • Gold mutual fund investment limits India | More mutual funds curb gold bets amid restrictions on gold-focused schemes
    • Midcap magic: These 5 midcap mutual funds rallied up to 10% in 2026
    • Here’s How To Buy TIPS Bonds And TIPS ETFs
    • Contra funds explained: How they work, key risks, benefits and top 3 options for investors
    • Premium Bonds ‘not effective’ warning for one group of customers
    • Premium Bonds ‘higher tax brackets’ warning for pensioners
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Spencer named one of first NC Railroad Company Brownfields Site Grant recipients: Funds help communities assess underused rail-served properties for redevelopment and job creation
    Funds

    Spencer named one of first NC Railroad Company Brownfields Site Grant recipients: Funds help communities assess underused rail-served properties for redevelopment and job creation

    September 6, 2025


    Spencer named one of first NC Railroad Company Brownfields Site Grant recipients: Funds help communities assess underused rail-served properties for redevelopment and job creation

    Published 12:02 am Sunday, September 7, 2025

    Spencer was the second recipient of the North Carolina Railroad Company (NCRR) Brownfields Site Grants.

    Along with Jackson County, the first awardee, Spencer will be on the receiving end of a program that provides local governments with private funding to address environmental barriers, preparing rail-served properties for new industrial uses that attract investment and create lasting jobs.

    “Not every job-creating site begins as a blank slate,” said Carl Warren, NCRR president and CEO. “We help communities overcome early redevelopment hurdles, unlocking the potential of rail-served properties.”

    Brownfields are sites hindered by environmental concerns that can complicate redevelopment. NCRR’s program helps communities take critical, initial steps toward entry into the North Carolina Department of Environmental Quality (NCDEQ) Brownfields Program, positioning sites for remediation, industrial investment and job creation.

    “NCRR is helping communities turn yesterday’s challenges into tomorrow’s opportunities by preparing rail-served sites for new industry and lasting jobs,” said Trish Haver, NCRR’s chief commercial officer.

    Spencer plans to facilitate transformation of a property at 2555 North U.S. Highway 29, once a textile dyeing and finishing facility, into a rail-accessible industrial site, attracting investment and expanding job opportunities. NCRR awarded the municipality $99,800 in grant funding, with a 20-percent match, or nearly $20,000, provided by Samet Corporation.

    “This funding helps us partner with property owners and redevelopment professionals to ready a site that has remained inactive and largely untouched for roughly 25 years,” Spencer Town Manager Peter Franzese said. “By preparing this property for industrial use, we hope to identify new possibilities for investment and quality jobs in our community, while addressing a site that has long stood as a reminder of one of North Carolina’s most significant economic challenges.”

    Jackson County received $92,000 to assess a 42-acre former sawmill site at 3636 Skyland Drive in Sylva which closed in early 2024. The county will provide a 20-percent match toward the $115,000 project, which will fund environmental assessment and remediation planning. The goal is to repurpose the property for future industrial use.

    “This project allows Jackson County to transform a recently closed sawmill into new opportunities for our people and our future,” said Kevin King, Jackson County manager. “With NCRR’s support, we are preparing the site for industry, rail access and workforce training. These investments will create good jobs and long-term prosperity for families across Western North Carolina.”

    To ensure long-term impact, the railroad company requires that supported sites:

    • Enter the NCDEQ Brownfields Program as part of redevelopment planning.
    • Use grant funds within two years of the award for on-site remediation.
    • Secure a company that will move at least 40 rail cars annually for five years; if not, partial repayment may be required.

    NCRR’s Brownfields Program complements the Build Ready Sites initiative with the goal to expand the pipeline of rail-served properties and remain a catalyst for economic growth across North Carolina.

    For more information, visit https://ncrr.com/services/economic-development-programs/brownfields/.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Emergency funds: How much to keep and where to park it? | Personal Finance

    June 5, 2026

    Top mid-cap index funds: 3 schemes with up to 17% SIP returns in 5 years – Mutual Funds News

    June 4, 2026

    The active funds beating the MSCI World for the past decade

    June 4, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Premium Bonds ‘not effective’ warning for one group of customers

    June 6, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    High Return Value Mutual Funds in the Last 5 Years – Money Insights News

    June 6, 2026

    The Indian equity market continues to be bogged down by the effects of the US-Iran…

    HSBC Mutual Fund launches RedHex Hybrid Long-Short Fund under SIF route; NFO closes June 16

    June 6, 2026

    Gold mutual fund investment limits India | More mutual funds curb gold bets amid restrictions on gold-focused schemes

    June 6, 2026

    Midcap magic: These 5 midcap mutual funds rallied up to 10% in 2026

    June 6, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Spot Bitcoin ETFs See $562M Inflows, End Outflow Streak

    February 4, 2026

    Ethereum ETFs Hit 10-Day Inflow Streak: Demand Floors ETH Price

    April 24, 2026

    EU Sees Its Bond Market Developing Even Without Sovereign Status

    August 22, 2025
    Our Picks

    High Return Value Mutual Funds in the Last 5 Years – Money Insights News

    June 6, 2026

    HSBC Mutual Fund launches RedHex Hybrid Long-Short Fund under SIF route; NFO closes June 16

    June 6, 2026

    Gold mutual fund investment limits India | More mutual funds curb gold bets amid restrictions on gold-focused schemes

    June 6, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹9000 monthly SIP can help you retire at 45 with ₹2 lakh monthly pension

    May 5, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.