Biofuels Site Development - North Carolina's Northeast Economic Development Commission
Funding recipient: North Carolina’s Northeast Economic Development Foundation, Edenton, NC
Award amount: $22,000
North Carolina’s Northeast Economic Development Foundation worked with corporate partner NC Biofuels, LLC to redevelop an abandoned fertilizer mixing plant and pesticide distribution facility for use as an industrial biodiesel production facility. In conjunction with the North Carolina Department of Environment and Natural Resources’ NC Brownfields Program, grant funds supported a Phase II Environmental Assessment on the site near Seaboard in Northampton County. The Phase II Study has been completed with only minor mitigation required. The property is currently under contract to purchase by the private company. North Carolina’s Northeast Economic Development Foundation reports that this public-private partnership will result in the further development and expansion of NC Biofuels, LLC that will bring additional new jobs to a Tier One County and provide a viable source of alternate fuels for automobile and industry consumption.
Leveraged funds reported: $3,000
North Carolina counties benefiting from this project: Chowan and Northampton
For additional information about the impact of Biofuels Center funding and a brief explanation of award recipient reporting requirements, click HERE: