Burke Center for Economic Development

Organization:

Olive Hill Community Economic Development Corporation, Inc.

Amount:

$56,404.03

Program Area:

Open Grants Program

County of Applicant:

Burke

Year:

2011

Description:

The purpose of this grant is to provide funding to the Olive Hill Community Economic Development Corporation for the support of a business incubator in Valdese, North Carolina. The incubator will be co-located with a public-access computer center which will provide broadband and other services to the unemployed, the underemployed, and those with low-educational attainment. This co-location will maximize the success of emerging companies by offering access to training/educational programs, mentoring and coaching, and networking opportunities with other existing and emerging entrepreneurs. Olive Hill has received nearly $450,000 in federal Broadband Technology Opportunity Program funding for the project in addition to significant private and local government support. Western Piedmont Community College is a partner in the project and will provide entrepreneurial assistance to business ventures that locate in the center.

Contact:

Mrs. Beverly F. CarltonPO Box 4008Morganton, North Carolina 28680(828) 475-4620

Areas Served:

Burke

Any project more than a couple of years old may not reflect current Board priorities.
Please contact a staff member with any questions.