Board tables extension request for Riverside Furniture NC One grant pending progress report
Piedmont Commerce grant for Riverside Furniture required a $62,500 county match and targets of $5.5M investment and 50 jobs; the board voted unanimously to table a one-year extension request until the Jan. 21, 2025 meeting pending status on jobs and investment.
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The board considered a request to extend an NC Commerce grant agreement with Riverside Furniture and Caswell County that originally included a $150,000 NC One Grant, a $250,000 Reuse Grant, and a county match obligation. County Manager Renee Paschal said the original agreement required Riverside to invest $5.5 million and create 50 new jobs; the agreement expired Dec. 4, 2024, and the company requested an extension to Dec. 4, 2025.
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