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North Carolina Governor signs $5m Esports Industry Grant Fund

Esports entertainment holding company Subnation Media and the Greater Raleigh Convention and Visitors Bureau have announced that Roy Cooper, the Governor of North Carolina, has signed a new State Legislature budget.

The budget will include a $5m (~£3.7m) Esports Industry Grant Fund, which will be used to encourage esports events and productions in the state.

Image credit: Unsplash

According to the release, the grant will help impact the region and state’s economic impact, whilst also being a ‘blueprint for other government groups to model from in the future’.