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WNC Business

Burke, Madison Counties included in new Golden LEAF funding

Dec 15, 2023 03:09PM ● By WNC Business

At the December Board meeting, the Golden LEAF Board of Directors awarded $650,000 to support two projects through the Open Grants Program and $3,080,000 to support five projects through the SITE Program. The Golden LEAF Board also awarded $5,540,432 in funding for 50 projects through the Food Distribution Assistance Program.

The Golden LEAF Board of Directors elected board officers and committee chairs. The officers and committee chairs assumed their roles effective at the conclusion of the Board meeting.

Board Officers
Chair of the Board – Ralph Strayhorn of Mecklenburg County
Vice Chair of the Board – Brian Raynor of Cumberland County
Treasurer – Johnathan Rhyne, Jr. of Lincoln County
Secretary – Bobbie Richardson of Franklin County
Assistant Secretary – Johnathan Rhyne, Jr. of Lincoln County

Committee Chairs
Programs Committee – Brian Raynor of Cumberland County
Personnel / Nominations Committee – David Rose of Nash County
Finance Committee – Randy Isenhower of Catawba County
Investment Committee – Don Flow of Forsyth County
Audit Committee – Barry Dodson of Rockingham County

Golden LEAF’s 15-member Board of Directors is appointed by the Governor, the President Pro Tempore of the Senate, and the Speaker of the House. Jeffrey Lee of Benson was welcomed as the newest member of the Board at the December meeting. Mr. Lee was appointed by the President Pro Tempore of the Senate.

Ralph Strayhorn was elected Chair of the Board, replacing Don Flow who had served in that position for the maximum of two consecutive terms.

The NC General Assembly appropriated $10 million to Golden LEAF for the Food Distribution Assistance Program. Learn more about the program and 50 awards made at the December meeting, here.

The SITE Program offers resources to help communities identify potential sites for economic development, provides funding to complete due diligence on publicly controlled sites, and provides funding to extend public utilities to publicly controlled sites or to conduct clearing and rough grading of publicly owned sites. The three phases of the SITE Program are Identification, Due Diligence, and Development.

The Golden LEAF Foundation Board of Directors awarded $3.08 million in funding for five projects through the Golden LEAF SITE Program in Burke, Greene, Madison, Surry, and Washington counties.

The SITE Program – Identification phase provides assistance to a community from a firm contracted by Golden LEAF to help identify potential industrial sites in the community. Greene County and Washington County were selected to receive assistance through this phase.

In the SITE Program – Due Diligence phase, the Golden LEAF Board awarded $50,000 in funding to Burke Partnership for Economic Development, Inc. for the Great Meadows Site to complete a geotechnical report.

For the SITE Program – Development, the Golden LEAF Board awarded $3,000,000 in funding for two site preparation projects including, clearing and rough grading, to benefit sites that have completed the due diligence necessary to demonstrate that the site is suitable for development. Organizations receiving SITE Program – Development support include:

  • $1,500,000 to Madison County Economic Development for site preparation activities including clearing/grubbing, earthwork, and erosion control at the Madison County Industrial Site to attract businesses expected to create 140 jobs with annual wages at or above $44,200.
  • $1,500,000 to the City of Mount Airy for clearing, grading, and other site preparation of 16 acres at the Westwood Industrial Park that is expected to create 200 new jobs with average wages of $45,000 and $75 million in private investment.

The Golden LEAF Foundation Board of Directors awarded $650,000 in funding for two projects through the Open Grants Program. These projects will support job creation and economic investment and workforce preparedness in Anson, Lee, and Union counties.

  • $200,000 to South Piedmont Community College Foundation, Inc. to purchase the high-fidelity simulation equipment to expand clinical capacity for the college’s existing associate degree and practical nursing programs and new LPN-to-RN program, increasing nursing program completers by 40 annually.
  • $450,000 to Brick Capital Community Development Corporation to support infrastructure needed for a new workforce housing development in Sanford that will include 45 single family homes and a 16-unit apartment complex.

Since 1999, Golden LEAF has funded 2,218 projects totaling $1.2 billion supporting the mission of advancing economic opportunity in North Carolina’s rural, tobacco-dependent, and economically distressed communities.

Source: Golden LEAF Foundation