By COREY DAVIS Staff Writer, Rocky Mount Telegram Friday, March 16, 2018 With cutbacks in the federal defense budget, small businesses dependent on military contracts must find different ways to bring in revenue. A strategy created last year called the North Carolina Defense Industry Diversification Initiative has been implemented to help the state’s defense-reliant industries expand beyond their military contracts. The initiative is funded through a grant from the U.S. Department of Defense Office of Economic Adjustment. The North Carolina Defense Industry Diversification Initiative is managed through a partnership by the N.C. Department of Military and Veterans Affairs and N.C. State University’s Industry Expansion Solutions, a unit of N.C. State University, which helps organizations or companies grow, innovate and prosper, according to the organization’s website. The initiative was highlighted during the first of several town hall meetings across the state on&n ...

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