North Carolina’s targeted, performance-based incentive programs help companies that are locating and doing business in North Carolina by lessening the tax burden and lowering overall costs to the company.
Discretionary Grants
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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.
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One North Carolina Fund
This is a discretionary cash-grant program that allows the Governor to respond quickly to competitive job creation projects.
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Building Demolition
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Community Development Block Grant, Demolition Program (CDBG Demolition)
This program is designed to fund the demolition of vacant and dilapidated industrial buildings and properties.
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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.
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Building Reuse
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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.
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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.
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Public Infrastructure
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Community Development Block Grant, Economic Development Program
This program provides grants to units of local government for public infrastructure development.
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Utility Account
This program provides infrastructure grants to units of local government in Tier 1 and Tier 2 counties in the state.
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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.
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Transportation
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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.
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North Carolina Department of Transportation Rail Industrial 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.
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Workforce Training & Development
Tax Exemptions
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Large Fulfillment Facility
Large fulfillment facilities equipment is exempt from sales and use tax.
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R&D and Software Publishing Sales Tax Exemptions
Sales Tax Exemptions – Research and Development activities for Physical, Engineering and Life Science Companies & Software Publishing Activities for Software Publishers
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Data Centers Sales & Use Tax Exemptions
North Carolina provides exemptions for Qualifying Data Centers, Eligible Internet Data Centers and Computer Software at Data Centers.
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Historic Preservation Tax Credit
These tax credits are available for the rehabilitation of income-producing historic properties and owner-occupied historic residences.
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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.
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Pollution Abatement Equipment & 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.
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Other Programs
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Foreign Trade Zones
There are four FTZs in North Carolina for use by individual companies.
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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.
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