Topics Related to Economic opportunity
Governor Josh Stein today requested $1.07 billion in immediate funding to support urgent rebuilding needs in western North Carolina. Governor Stein’s budget request includes funds to strengthen the economy, get people back into homes faster, repair infrastructure, support farmers, fix private roads and bridges, remove debris, and help school children stay at grade level.
Today in Boone, Governor Josh Stein joined Dogwood Health Trust to announce a $30 million small business grant program to support businesses impacted by Hurricane Helene and bolster economic recovery. Small businesses with an annual revenue of up to and including $2.5 million are eligible to apply for grants up to $50,000 from the Western North Carolina Small Business Initiative grant program.
Today, Governor Josh Stein issued a proclamation recognizing Earned Income Tax Credit Awareness (EITC) Day to encourage eligible hardworking North Carolinians to claim the tax credit they have earned on their upcoming federal taxes.
Today, Governor Stein announced that Pratt & Whitney, an RTX business (NYSE: RTX), will expand its turbine airfoil manufacturing plant in Buncombe County, a significant vote of confidence in western North Carolina. The company’s expansion project will create 325 additional jobs and includes an additional investment of $285 million in Asheville.