TITLE
Title
APPROVE NC DEPT. OF COMMERCE RURAL BUILDING REUSE GRANT APPLICATION FOR BETHANY MEDICAL CENTER, PA
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SPONSOR
Sponsor
J. Leslie Bell
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BACKGROUND
Background
Bethany Medical Center, PA, has requested that Guilford County apply for a NC Dept. of Commerce Building Reuse and Infrastructure grant in the amount of $592,858 and is seeking to renovate a 4912 sq. ft. vacant building located at 108 W. Main Street, Jamestown, NC 27282 (owned by the Peters Development, LLC). The company is an independent group of health care providers with a mission to provide excellent care through a multi-specialty approach from prevention to intervention of potentially life-threatening health problems. The company has 18 locations in the Piedmont Triad area with the majority of those locations in Guilford County.
The company has been in business in NC for 35 years and currently employs 473 full-time employees and 47 part-time employees. Bethany Medical Center, PA is projected to create thirty (30) new jobs with an average annual wage of $54,453 with 89.5% of employer-paid health insurance. The average Guilford County private sector wage (2022) is $53,994 as published by the NC Dept. of Commerce.
Eligible applicants are units of local government located in either a Tier 1 or Tier 2 county, or a rural census tract in a Tier 3 county. Guilford County is a Tier 2 county.
The five percent (5%) local match can be included in the 50% from local resources. Local resources procured by the local government may come from the business, property owner, or others but may not come from other state or federal grant funds.
This grant, if approved by the State, would be in the form of pass-through funding in the form of a loan to the property owner, forgivable upon meeting the investment and job creation requirements. The funds would reimburse the property owner for eligible project expenses contingent upon performance review and verification by the State (see attached applica...
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