Posted November 14, 2022
The North Carolina Department of Commerce has announced the award of a Building Reuse Grant in the Existing Building category to Bridgestone Bandag, LLC of Oxford. A $450,000 grant will support the renovation of a 225,000 square-foot building. Bridgestone Bandag will invest $1,623,990 into the project and create 61 new jobs in Granville County.
“Granville County is excited to assist a longstanding industry like Bridgestone Bandag in receiving this Building Reuse Grant,” said Economic Development Director Harry Mills. “Granville’s Economic Development Office is ready and able to assist our existing industries with opportunities like this that help expand and solidify their presence in our community. Bridgestone Bandag is showing their commitment to Granville County with this major investment, and we are equally committed to helping them succeed.”
“Investments in rural North Carolina have a positive impact on our state’s overall success,” said Governor Roy Cooper. “This grant helps communities like Granville County create good jobs, improve the quality of life of their residents, and boost the local economy.”
“I’m especially proud to see this latest spur of new businesses and job creation in North Carolina’s rural communities like Granville County,” said N.C. Commerce Secretary Machelle Baker Sanders. “Building Reuse grants help local governments revive buildings in their communities that allow them to take center stage in North Carolina’s economic development wins.”
The North Carolina Building Reuse Program provides grants to local governments to renovate and/or expand vacant buildings or buildings currently occupied by existing companies that will lead to the creation of new jobs in rural counties categorized as Tier 1 or Tier 2. Granville is a Tier 2 county.
Bridgestone Bandag is a manufacturer of tread rubber used for premium retreaded tires at their location on West Industry Drive in Oxford. For more information, visit their website.