Click for NEWS Click for SPORTS Click for ACCENT Click for OPINION Click for OBITUARIES Click for CALENDAR Click for CLASSIFIEDS Click for ARCHIVES Click for SPECIALSECTIONS
Subscribe  •  Business Directory  •  Recipes  •  The Stroller  •  Weddings  •  School Menus  •  Community Links  •  VA Lottery  •  Contact Us
Friday, May 22, 2015
News Search   

Mckinney- Lennox - Click for Website
Trent Memorial - Click for Website

Martinsville Bulletin, Inc.
P. O. Box 3711
204 Broad Street
Martinsville, Virginia 24115
Toll Free: 800-234-6575

MHC EDC - Click for Website
BREAKING NEWS: NCI gets $1.75M grant for building
Federal Economic Development Administration funds

Friday, March 29, 2013

By MICKEY POWELL - Bulletin Staff Writer

The New College Institute (NCI) on Friday was awarded a $1.75 million federal grant to use toward the construction of a new building in uptown Martinsville, according to a news release from 9th District U.S. Rep. Morgan Griffith.

The three-story, roughly 50,000-square-foot building, to be erected on the Baldwin Block, will house new programs being developed by NCI in advanced manufacturing, health care technology and entrepreneurism. It also will have administrative offices and space for public events.

“Congratulations to the New College Foundation and the city of Martinsville on securing this investment award,” Griffith stated in the release. “I applaud the efforts of those who worked to secure this funding, and my office was glad to be of assistance. I look forward to seeing its impact on folks seeking training in advanced manufacturing, healthcare, and entrepreneurship.”

The U.S. Economic Development Administration (EDA) grant includes funds for the new building’s construction and the purchase of state-of-the-art advanced manufacturing equipment.

Other contributions that NCI is receiving toward the building project include up to $8 million from The Harvest Foundation, $5 million from the Virginia Tobacco Indemnification and Community Revitalization Commission and $500,000 from the Appalachian Regional Commission.

NCI has applied to the state for a $700,000 Community Development Block Grant to use toward the construction of the building’s second floor, which will be the Center for Innovation and Entrepreneurship.

The lowest construction bid, which is being reviewed to ensure it reflects all of the institute’s needs for the building, was $13,289,000.

See this website and Sunday's Martinsville Bulletin for full coverage of this story.


Lockman & Associates - Click for Website
Joe Cobbe CPA - Click for Website
New College Institute - Click for Website
PHCC - Click for Website
The Eye Site - Click for Website
Martinsville/Henry Co. Chamber of Commerce - Click for Website
Rives S. Brown Realtors - Click for Website
The Spencer Group - Click for Website