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145-A Worth Street
PO Box 2001, Asheboro, NC 27204-2001
Phone: (336) 626-2233
Email: brenfro@rcedc.com

Community Development Block Grant/Loan

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This program administered by the state offers grant money based on new job creation for infrastructure improvement such as the installation of water and sewer lines. It offers $8,000 in grant money for each new job created for low to moderate-income workers, and requires a 25% local match. Applicants are the municipality or county in which the company is located.

Most of these loan programs are available from your own bank along with conventional financing. The terms, rates and security regulations favor a small business and each fills a unique niche in the financing needs of an expanding industry. There are other grant and loan programs available to non-profits and public bodies to support the development of rural infrastructure.

For Additional Information

Randolph County Economic Development Corporation
Post Office Box 2001
Asheboro, North Carolina 27204-2001
(336) 626-2233
(336) 626-0777 Fax

Bonnie Renfro - President
brenfro@rcedc.com

Lisa Bennett - Manager, Marketing and Research
lbennett@rcedc.com

Harry Lane - Existing Business and Industry Coordinator
hlane@rcedc.com