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This award provides funding to The Nussbaum Center for Entrepreneurship (NCFE) to support the redevelopment of an underutilized industrial building adjacent to NCFE known as The Steelhouse. NCFE is the largest small business incubator in North Carolina. It is in an economically distressed area of Greensboro, and houses both small businesses and small business support organizations under one roof. The Steelhouse will address a local need for more small manufacturing and industrial spaces. This $36 million redevelopment effort will include three phases. Phase 1 renovations will include building shell upgrades to a section of the structure, addition of rollup doors, re-roofing, concrete improvements, and mechanical and electrical systems additions. Seventeen bays of varying sizes will be upfitted to meet the needs of small-scale manufacturers and industrial users. Once Phase 1 is complete, the Steelhouse will house 11 new small businesses, expand 6 small businesses already located on the property, and create 177 new full-time positions. Golden LEAF funds will be used to fund electrical infrastructure upgrades for the site.
Any project more than a couple of years old may not reflect current Board priorities.
Please contact a staff member with any questions.
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