NC Megasite Readiness Program Report
Large projects have depleted the state’s inventory of megasites and the number of companies seeking megasites across the US is at an all-time high.
Site Development Initiatives
These programs were established to assist with site identification and development in preparation for the recruitment of impactful economic development projects.
Megasite Readiness Program
North Carolina has enjoyed considerable success in recent years in recruiting large economic development projects and seeks to grow site competitive site options for major manufacturing projects in the aerospace, automotive, clean energy, food processing, life sciences, and semiconductor industries,
To ensure North Carolina’s ongoing competitiveness for major advanced manufacturing opportunities the NCGA established this competitive grant program to accomplish the following:
- Identification and evaluation of up to seven sites (minimum of 1,000 acres) for preferred development and marketing.
- Assist local governments or a partnership of local governments in the acquisition of a megasite.
- Support local governments/partnerships in efforts to analyze, plan, install, and/or upgrade public infrastructure that would make the site more attractive and accessible to potential employers.
- Support local governments/partnerships in certain site preparation costs, such as clearing and grading.
- Assist local governments/partnerships with the costs of due diligence activities.
- Facilitate coordination of economic development agencies, the Department of Environmental Quality, and the Department of Transportation.
Megasite Readiness Program Resources
Publication
Publication
Megasite Readiness Program Guidelines for Due Diligence
These guidelines apply to the funds appropriated by the General Assembly to the Megasites Readiness Fund for use by the Economic Development Partnership of North...
Publication
Megasite Readiness Program Guidelines for Site Development
These Guidelines apply to the funds appropriated by the General Assembly to the Megasites Readiness Fund (“Fund”) for use by the Economic Development Partnership of...
Publication
Megasite Readiness Program Application
Application for the Megasite Readiess Program Fund
Selectsite Readiness Program
The Selectsite Readiness Program was established as a complement to the Megasite Readiness Program. The purposes of this program are the same as the Megasites Readiness Program except that the sites under the SRP are to be less than 1,000 acres yet still capable of handling major advanced manufacturing projects. The General Assembly indicated that up to 15 sites should be identified for preferred development and marketing, specifying that at least two sites must be under 100 acres and another seven sites must be under 500 acres.
Selectsite Readiness Program Resources
Publication
NC Selectsite Readiness Program Report
The NC Selectsite Readiness Program (SRP) is designed with a very specific purpose: to support the development of sites that would increase North Carolina’s competitiveness...
Publication
Selectsite Readiness Program Guidelines for Due Diligence
In the 2023-24 budget legislation, the General Assembly enacted the Selectsite Readiness Program to complement the Megasites Readiness Programi The purposes of this program are...
Publication
Selectsite Readiness Program Application
Application for the Selectsite Readiness Program.
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