The North Carolina Department of Transportation (NCDOT) works closely with the North Carolina Department of Commerce to provide transportation improvements and infrastructure that will expedite industrial/commercial growth and provide new jobs or retain existing ones. Projects must be approved by both the Secretary of Transportation and the Secretary of Commerce.
Funds may be awarded up to $2,500 per new job, with a $400,000 limit per project. To be eligible for funding, the project must have met the following criteria:
The Economic Development Partnership of North Carolina does not award or administer this incentive. All economic development incentives are awarded and administered by the North Carolina Department of Commerce.
Eligible project costs include:
Ineligible project costs include:
Projects should contribute to economic growth and development by attracting new and expanding companies that will increase employment opportunities for North Carolina citizens.
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