make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

NC rural development center discusses its future

READ MORE:

RALEIGH, N.C. (AP) - Leaders of the N.C. Rural Economic Development Center are discussing the agency's future following a critical review of its operations.

The News & Observer of Raleigh reports (http://bit.ly/191eXoR) those leaders said they intend to focus on small business needs in a diminished form as they deal with a loss in its ability to handle millions in state funding.

Under a plan discussed Wednesday, the center would no longer make grants. It would oversee several smaller loan programs focusing on small businesses.

A report from State Auditor Beth Wood found grant reporting requirements weren't carried out, job creation measures for grant recipients failed to be verified and pay of then-President Billy Ray Hall was unreasonable.

Hall retired and center chairwoman Valeria Lee resigned.

___

Information from: The News & Observer, http://www.newsobserver.com

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Disclaimer: Comments posted on this, or any story are opinions of those people posting them, and not the views or opinions of WWAY NewsChannel 3, its management or employees. You can view our comment policy here.

»