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Monday, November 25, 2024

Fair Bluff receives $4.8 million to develop small business center

Smallbusiness

Fair Bluff received federal and local funding to build a small business development center. The center would provide resources for business owners to grow and expand jobs. | Stock Photo

Fair Bluff received federal and local funding to build a small business development center. The center would provide resources for business owners to grow and expand jobs. | Stock Photo

U.S. Secretary of Commerce Wilbur Ross said in May that the department’s Economic Development Administration awarded a $4.8 million grant to Fair Bluff to establish a small business center in a Tax Cuts and Jobs Act Opportunity Zone.

“This small business center will provide existing and new businesses a space to operate and catalyze redevelopment of Fair Bluff following significant damage caused by Hurricane Florence in 2018.”2018," Ross said in an Economic Development Administration statement on May 27. 

The development association also said local funding will provide a $1.2 million matching grant. 

“When I visited Fair Bluff following Hurricane Florence, I saw a tight-knit and resilient community that was determined to rebuild after being hit by two devastating storms,” Sen. Thom Tillis (R-North Carolina) said in the statement. “This federal grant will play a key role in the rebuilding process, providing Fair Bluff with resources to support small business development and job creation.”

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