The Utility Account helps local governments build the public infrastructure that can attract businesses, specifically industrial-grade utility services. To apply, counties must be ranked as one of the 80 most distressed under G.S. 143B-437.08
Funds may be used for 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.
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.
For more information about the Industrial Development Fund - Utility Account, contact:
Heather C. Sains
Grant Manager, Commerce Finance Center
Phone: 919 814-4642