$2,000,000
in federal Community Project
Funding
has been granted to Nussbaum
for
their "The Steelhouse Center for
Urban
Manufacturing and Innovation"
project.
GREENSBORO, NC,
UNITED STATES,
January 5, 2023
/EINPresswire.com/ --
The Nussbaum Center
for Entrepreneurship (NCFE) received a $2,000,000 federal Community Project
Funding grant for The Steelhouse Center for Urban Manufacturing and Innovation,
as part of Congresswoman Kathy Manning’s bipartisan omnibus bill to allocate
$25.56 million in federal funding to projects in North Carolina’s Sixth
District.
“This bill makes a
historic investment in the Sixth District,” said Congresswoman Kathy Manning
(NC-06), including “workforce development programs and much more.”
“The grants we have
received to date will enable The Steelhouse project to move forward in 2023,”
said Sam Funchess, CEO of NCFE. “We will begin to breathe new life into this
historic structure as a future home to start-ups and entrepreneurs who
serve the community
and create high-paying jobs.”
“The Nussbaum Center
provides an important economic development model for the Triad region,” said
Lisa Hazlett, President of NCFE. “We expect The Steelhouse to become a vibrant
community of entrepreneurs, small businesses, artisans and entrepreneur support
organizations – and an anchor for our dynamic and growing innovation district.”
The Steelhouse,
adjacent to the existing NCFE small business incubator, is a major
redevelopment
project that will revitalize the massive historic Carolina Steel structure and
create an estimated 600 jobs. The project will convert the existing raw space
into flexible, scalable spaces that meet the needs of manufacturing
entrepreneurs, food producers and the neighboring community.