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NC Rural Center makes major announcement during recent conference in Raleigh.
NC Rural Day, May 29, 2018, was created as a way for North Carolina’s rural counties to learn the latest information on three key topics; Broadband Implementation in Rural Areas, Addressing Gaps in Healthcare Coverage, and Growing Small Businesses.
The conference was organized by NC Rural Center, whose mission is to develop, promote, and implement sound economic strategies to improve the quality of life of rural North Carolinians.
NC Rural Center serves the state’s 80 rural counties, with a special focus on individuals with low to moderate incomes and communities with limited resources.
Toward the end of the small business session, Patrick Woodie, President and CEO of NC Rural Center, announced the formation of a new subsidiary, Thread Capital.
“…Thread Capital works one-on-one with small business owners to listen to their dreams, understand their objectives, and help them create a path to success.”
Here is what we find on Thread Capital’s site:
“Thread Capital is a nonprofit organization focused on ensuring that all residents of North Carolina have access to the resources they need to start and grow businesses. Thread Capital provides access to capital, coaching, and connections in the belief that with these tools entrepreneurs will create jobs and promote more equitable economic mobility in all 100 North Carolina counties.
With the right support, entrepreneurs can change the trajectory not only of their families but also their communities.
Thread Capital was launched in 2018 by the NC Rural Center and continues to be an operating subsidiary of the Center.”
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