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North Carolina Economic Incentives

North Carolina Economic Devlopment Partnership Macon NC EDC

 
BUILDING DEMOLITION
COMMUNITY DEVELOPMENT BLOCK GRANT, DEMOLITION PROGRAM (CDBG Demolition)

This program is designed to fund the demolition of vacant and dilapidated industrial buildings and properties.  › LEARN MORE

RURAL DIVISION, RURAL BUILDING DEMOLITION PROGRAM

This program provides grants to local governments to support the demolition of vacant buildings to encourage site rehabilitation and site availability for economic development purposes.  › LEARN MORE

 
COUNTY TIER SYSTEM
COUNTY DEVELOPMENT TIER DESIGNATIONS

North Carolina’s 100 counties each are assigned a tier designation. This tier system is incorporated into various state programs to encourage economic activity in the less prosperous areas of the state.  › LEARN MORE

 
DISCRETIONARY GRANTS
JOB DEVELOPMENT INVESTMENT GRANT

JDIG is a performance-based, discretionary incentive program that provides cash grants directly to new and expanding businesses to help offset the cost of locating or expanding a business facility in the state.  › LEARN MORE

ONE NORTH CAROLINA FUND

This is a discretionary cash-grant program that allows the Governor to respond quickly to competitive job creation projects.  › LEARN MORE

 
BUILDING REUSE
COMMUNITY DEVELOPMENT BLOCK GRANT, BUILDING REUSE PROGRAM

This program provides funds for renovation and up-fitting of vacant industrial and commercial buildings for economic development purposes.  › LEARN MORE

RURAL DIVISION, BUILDING REUSE PROGRAM

This program provides grants to units of local government for three purposes: renovation of vacant buildings; renovation or expansion of a building occupied by an existing North Carolina company wishing to expand in its current location; and renovation, expansion or construction of health care entities.  › LEARN MORE

 
PUBLIC INFRASTRUCTURE
COMMUNITY DEVELOPMENT BLOCK GRANT, ECONOMIC DEVELOPMENT PROGRAM

This program provides grants to units of local government for public infrastructure development.  › LEARN MORE

UTILITY ACCOUNT

This program provides infrastructure grants to units of local government in Tier 1 and Tier 2 counties in the state.  › LEARN MORE

RURAL DIVISION, ECONOMIC INFRASTRUCTURE PROGRAM

This program provides grants to local governments to assist with public infrastructure projects that will lead to the creation of new, full-time jobs. › LEARN MORE

 
TAX EXEMPTIONS
DATA CENTERS SALES & USE TAX EXEMPTIONS

North Carolina provides exemptions for Qualifying Data Centers, Eligible Internet Data Centers and Computer Software at Data Centers.  › LEARN MORE

HISTORIC PRESERVATION TAX CREDIT

These tax credits are available for the rehabilitation of income-producing historic properties and owner-occupied historic residences.  › LEARN MORE

MANUFACTURING

North Carolina offers sales and use tax exemptions for manufacturing machinery and equipment; electricity, fuel and natural gas for manufacturing facilities, raw material for manufacturing, and inventories.  › LEARN MORE

POLLUTION CONTROL and ABATEMENT & RECYCLING

The state offers property tax exclusions on pollution control and abatement equipment and recycling. It also offers a sales and use exemption for pollution control and abatement equipment.  › LEARN MORE

 
TRANSPORTATION
N.C. DEPARTMENTS OF COMMERCE and TRANSPORTATION
Joint Economic Development Program

The N.C. Department of Transportation and the North Carolina Department of Commerce work closely together to provide transportation improvements and infrastructure that expedites industrial/commercial growth and provides new jobs or job retention.  › LEARN MORE

N.C. DEPARTMENT OF TRANSPORTATION RAIL INDUSTRICL ACCESS PROGRAM

This program uses state funds to assist in constructing or refurbishing railroad spur tracks required by a new or expanding industry to encourage economic development.  › LEARN MORE

 
WORKFORCE TRAINING & DEVELOPMENT
WORKFORCE DEVELOPMENT

North Carolina provides recruiting, screening and training services through a coordinated network of nationally recognized economic and workforce development agencies.  › LEARN MORE

 
OTHER PROGRAMS
FOREIGN TRADE ZONES

There are four FTZs in North Carolina for use by individual companies.  › LEARN MORE

N.C. BIOTECHNOLOGY CENTER, ECONOMIC DEVELOPMENT AWARD

The North Carolina Biotechnology Center EDA provides performance-based grants to local units of government in support of life science company projects.  › LEARN MORE