ALBEMARLE — ElectriCities of North Carolina has given additional funding to the City of Albemarle’s Downton Catalyst Grant program.
Albemarle received a $10,000 Downtown Revitalization Grant from ElectriCities.
The money will be used to give out grants to businesses in the downtown municipal service district. The grants are meant to help businesses with external and internal improvements.
Albemarle’s Downtown Catalyst Grant gave out $87,500 in its most recent round of grant recipients.
“We’re looking forward to utilizing these funds to continue the positive transformation taking place now in downtown Albemarle,” Lindsey Almond, the City of Albemarle Economic Development Director said.
[ ALSO READ: Albemarle Corporation expanding R&D facility in Mecklenburg County, bringing 200 new jobs ]
ElectriCities awards this grant twice a year to members in the North Carolina Eastern Municipal Power Agency (NCEMPA).
“We created the Downtown Revitalization Grant program with the goal of supporting and catalyzing downtown investment,” Carl Rees, the Manger of Economic and Community Development at ElectriCities said.
Applications for the Albemarle grant program will open in spring of 2024.
(WATCH BELOW: Albemarle’s new social district debuts Saturday)
This browser does not support the video element.