City of Newton provides foundation, grant funding for Temprano Techvestors expansion

July 31, 2019

Temprano Techvestors announced that it has completed the program requirements for the Rural Building Reuse grant it was awarded in August 2016, and its flagship customer-facing company and brand, Corporate Armor, is now calling Newton, N.C. home.

The grant, which totaled up to $253,750 toward a total renovation investment of $520,000, was awarded to help the company choose Newton as its home by renovating an outdated office building into a state-of-the-art facility to support high-tech sales, marketing, support and engineering jobs.

“Temprano Techvestors is one of the companies leading the charge toward a bright future in Newton, and we are fortunate to have them as our partner,” said Newton Mayor Anne P. Jordan.

“Their investments in Newton are creating the technology workforce that will be so important to our community in the coming years. I thank Luke Walling and Temprano Techvestors for supporting Newton and choosing to grow their business here,” she continued.

Grants like these are awarded by the State of North Carolina to re-develop vacant buildings into assets that attract new or expanding businesses. The program provides grants to local governments such as the City of Newton for the renovation, expansion or construction of vacant, rundown or new buildings, all of which leads to the creation of new jobs.

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