On Thursday, April 16, the North Carolina Rural Infrastructure Authority approved 17 grants – and one of those is going to be a big help for a brewery project in High Point.
As part of this funding round, the authority approved a $120,000 grant to advance the reuse of a 16,200-square-foot building in High Point, where High Pint LLC, a startup microbrewery, plans to locate the High Pint Brewery & Public House.
At that site, the company plans to brew a wide selection of craft beers, which it will distribute both locally and internationally. The company’s overall investment in the project is expected to exceed $4 million. Estimates are that it will create 27 new jobs in the High Point area.
In March, the High Point City Council unanimously approved a local matching grant for a small portion of the cost of the project.
The grants to local governments that the NC Rural Infrastructure Authority approved on April 16 total just over $6.5 million, and the combined projects are expected to create 377 jobs across North Carolina – with more than $23 million in private investment being put into those 17 projects.
The authority offers the grants in order to support a variety of activities in rural areas of the state. Those can include infrastructure development, building renovation, building expansion and demolition, as well as general site improvements.
A couple of other projects that, like High Pint, are getting money in the “Vacant Building” category, are a project in Catawba County that’s getting a $75,000 grant to support the reuse of an 11,000-square-foot building for an architectural and engineering firm that expects to create 11 jobs, and a project in Iredell County, where a $200,000 grant will support the reuse of a 72,000 square-foot building that a global fencing company will occupy. That project is expected to bring 34 jobs to the Statesville area.