Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Invesco India Large- & Mid-Cap Fund: Concentrated bets, consistent returns
    • Mutual funds halt new gold FoF investments, ETF channel kept open | Commodity News
    • ‘Dead money’ for a decade: Hedge fund approach that may trump bonds
    • 2 Aspiriant Mutual Funds to Consider for Your Portfolio
    • Bitcoin ETFs log $228M in weekly sales as monthly outflows near $618M
    • Bulgaria’s 4th-Largest Bank to Add ETFs, Crypto to Mobile App in Early 2027
    • Oakley Capital Investments (LSE:OCI) Stock Looks Rich Against Its Earnings Story
    • Ether ETFs lose $320M in a week, outpacing Bitcoin fund outflows
    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

    Active Funds vs. Index Funds: Is All-Country Safe? Things to Consider Before Investing|kazu

    October 9, 2026

    The funds that can save thousands in inheritance tax – if you can stand the risks

    October 9, 2026

    How Gulf states are refinancing sovereign wealth funds as Iran war hits revenues

    October 8, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Bitcoin ETFs log $228M in weekly sales as monthly outflows near $618M

    October 17, 2026

    Invesco India Large- & Mid-Cap Fund: Concentrated bets, consistent returns

    October 17, 2026

    ‘Dead money’ for a decade: Hedge fund approach that may trump bonds

    October 17, 2026

    Mutual funds halt new gold FoF investments, ETF channel kept open | Commodity News

    October 17, 2026
    Don't Miss
    Mutual Funds

    Invesco India Large- & Mid-Cap Fund: Concentrated bets, consistent returns

    October 17, 2026

    Invesco India Large- & Mid-Cap Fund (ILMF) is among the few schemes to be upgraded…

    Mutual funds halt new gold FoF investments, ETF channel kept open | Commodity News

    October 17, 2026

    ‘Dead money’ for a decade: Hedge fund approach that may trump bonds

    October 17, 2026

    2 Aspiriant Mutual Funds to Consider for Your Portfolio

    October 17, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Mutual Fund investors alert! CBDT circular clarifies how TDS will be applied on dividend after DDT removal

    May 30, 2026

    Active Equity Mutual Fund Hits An All Time Low In H1CY26

    July 13, 2026

    The UK funds that have ticked (just about) all the boxes in the past three years

    February 10, 2026
    Our Picks

    Invesco India Large- & Mid-Cap Fund: Concentrated bets, consistent returns

    October 17, 2026

    Mutual funds halt new gold FoF investments, ETF channel kept open | Commodity News

    October 17, 2026

    ‘Dead money’ for a decade: Hedge fund approach that may trump bonds

    October 17, 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

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

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