Cary will receive $3 million, which is the maximum amount allowed by the American Recovery And Reinvestment Act of 2009. Although, no other Triangle Counties or towns are named in the refunding, nearby communities include Roanoke Rapids and Rocky Mount.
To view a full list of communities by county, click here.
Governor Perdue is predicting new jobs as a part of the refunding. However, she did not specify when the jobs would be available.
"These JobsNOW Recovery projects will create jobs, boost the economy, improve the state's infrastructure and protect North Carolina's drinking water and other water systems in the future," Perdue said.
Project awards are not final until all ARRA and other federal requirements have been met and the Local Government Commission approves the recipient's financial qualifications.
Communities that receive money will receive it in the form of a 50 percent zero-interest and a 50 percent principal forgiveness loan. Priority is given to projects that can begin quickly, have required permits and already have any additional funds that are needed.
For more information about the projects and funding criteria, visit www.nccgl.net/Stimulus.html.
