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Built Asset Assesment and Finance Program: Press Release

Posted on Wed, February 20, 2013

The Construction Professional Network Institute (CPNI), and the Development Finance Initiative (DFI) of the North Carolina School of Government announce the selection of the first four towns to participate in the NC Rural Economic Development Center’s Built Asset Assessment and Finance Program.

Siler City, Elkin, Plymouth and Maysville, NC were selected from eleven town applications for the new program. CPNI volunteers from throughout the state representing each portion of the design, development and construction community will provide assistance to the grant program.

The NCREDC grant provides small towns in North Carolina with (1) a comprehensive assessment of its built assets, legacy buildings, and commercial and industrial buildings by CPNI, a group of professionals from the construction and development industries, (2) assistance developing revitalization strategies for vacant or underinvested commercial buildings and industrial facilities, and (3) intensive technical assistance in structuring and financing public-private partnerships to attract private investment into promising revitalization projects by the School of Government’s Development Finance Initiative.

Meetings with the towns will take place over the next few weeks with assessments beginning in March 2013. Michael Schiftan, President of CPNI says, “We are honored to be able to work with the citizens and supporters of their towns as we look to rebuild North Carolina’s small communities through renovating their existing buildings and businesses.”

Construction Professional Network Institute (CPNI) is a 501C-3 non-profit independent research institution focused on the construction industry.    The mission of the Institute is to identify key issues related to industry performance, economic development, and the betterment of CPN members and the communities they serve. The Institute responds to these issues with original research, educational programs and comprehensive studies involving all aspects of the construction industry.