$60,000 Grant Awarded to James River Equipment

NEWTON, NC (Dec. 17, 2018)—Newton is pleased to announce the recent approval of a $60,000 state grant to support the renovation of a vacant building into a new equipment and tractor dealership.

The grant from the North Carolina Rural Infrastructure Authority (RIA) will be used by James River Equipment, a full-service equipment and tractor dealership serving customers in Virginia, North Carolina, and South Carolina. The grant will support the reuse of a 15,000-square-foot building located at 2616 Northwest Blvd., which was formerly occupied by Slimline Industries. James River Equipment plans to create 12 jobs and invest $307,984 in the project.

The RIA’s Building Reuse Program provides grants to local governments to renovate vacant buildings, renovate and/or expand buildings occupied by existing North Carolina companies, and renovate, expand or construct health care facilities that will lead to the creation of new jobs in specified counties. James River Equipment’s grant was one of 19 grants requests from across the state recently approved by the RIA.

“Rural North Carolina communities have a lot to offer families and businesses, and they need infrastructure that complements those unique assets,” said N.C. Commerce Secretary Anthony M. Copeland. “These new Rural Infrastructure Authority grants will help invest in that infrastructure and support the creation of good jobs across our state.”

“I am proud that the Rural Infrastructure Authority has again selected a company interested in investing in Newton as the recipient of a building reuse grant,” Newton Mayor Anne P. Stedman said. “We look forward to welcoming James River Equipment to the city, and we thank them for their investment in our future.”

Renovations at James River Equipment’s Newton dealership are expected to begin this month. The dealership is expected to open in spring 2019.