Bev came out yesterday with the third installment of Building a New North Carolina: Main Street Solutions. This initiative will give a boost to the economic development of small towns and cities across North Carolina.
The state Department of Commerce has an existing Main Street program, but it only gets $450,000 annually from the state legislature. That’s a pittance considering the importance of our small towns and cities.
Bev’s immediate goal will be to increase funding to $2.25 million, so that we can help more towns around the state. That sum still represents only a fraction of what the state pays in annual incentives to relocating businesses. The projects funded through Main Street will themselves serve as tools to attract relocating and start-up businesses.
Taking from best practices in other states and success stories here in North Carolina and in consultation with local leaders; Main Street Solutions will develop a flexible menu of options from which our smaller town and cities can choose in activating their own economic development strategies.
Please read more about the program here.
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