Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • 3 New Active ETFs on Our Radar
    • Ethereum Funds Shed $222 Million as Crypto Bill Fears Rattle Investors
    • How to use a lumpsum calculator to plan your one-time mutual fund investment
    • Treasuries Climb as Powell Eases Fed-Hike Jitters: Markets Wrap
    • Trump to take first steps in opening retirement funds to private markets
    • Bonds Mostly Finding Their Own Buyers
    • Global bonds head for steepest monthly drop in years as war fuels yield surge
    • How to Invest in SIP With an Index Fund Calculator: Step-by-Step Guide
    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

    Ethereum Funds Shed $222 Million as Crypto Bill Fears Rattle Investors

    March 30, 2026

    Trump to take first steps in opening retirement funds to private markets

    March 30, 2026

    Distressed-debt funds excited about private credit bargains

    March 29, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Treasuries Climb as Powell Eases Fed-Hike Jitters: Markets Wrap

    March 30, 2026

    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

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

    November 19, 2023
    Don't Miss
    ETFs

    3 New Active ETFs on Our Radar

    March 30, 2026

    Lan Anh Tran: 2025 was a breakout year for active ETFs as they reached nearly…

    Ethereum Funds Shed $222 Million as Crypto Bill Fears Rattle Investors

    March 30, 2026

    How to use a lumpsum calculator to plan your one-time mutual fund investment

    March 30, 2026

    Treasuries Climb as Powell Eases Fed-Hike Jitters: Markets Wrap

    March 30, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Un atelier d’écriture organisé à la médiathèque de Saint-André-les-Alpes pour le festival “Le long du Mississipi”

    June 1, 2025

    Janus Henderson Investors développe sa gamme d’ETF actifs titrisés

    May 12, 2025

    Bitcoin Spot ETFs See Muted Inflows As Negative Funding Rates Signal Bearish Sentiment

    August 16, 2024
    Our Picks

    3 New Active ETFs on Our Radar

    March 30, 2026

    Ethereum Funds Shed $222 Million as Crypto Bill Fears Rattle Investors

    March 30, 2026

    How to use a lumpsum calculator to plan your one-time mutual fund investment

    March 30, 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

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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