Greenbacks for green: NC governor hands out fed stimulus money for green tech development

NC governor gives out green grants to companies

RALEIGH, N.C. — Gov. Bev Perdue says 18 small North Carolina companies will receive federal stimulus grants to spur development in green technology.

Perdue announced Wednesday that each company will receive grants up to $100,000 to develop and market green and alternative energy technologies.

The Office of the Governor estimates that more than 200 jobs will be created by the grants, covering 18 counties.

Half of the grant projects focused on environmentally conscious technology and renewable energy. The other half targeted green building and biofuels development.