Targeted, performance-based incentive programs complement North Carolina’s competitive business cost structure. The Economic Development Partnership of North Carolina helps companies navigate the incentive process.
Job Development Investment Grant (JDIG)
JDIG is a performance-based, discretionary incentive program that provides cash grants to new and expanding businesses to help offset the cost of locating or expanding a business facility in North Carolina. Companies can qualify for a JDIG based on the project location, number of jobs, and average wage. The grant amount is based on a percentage of the personal income tax withholdings associated with the new jobs. For high-yield projects that invest $500+ million and create 1,750+ jobs, JDIG can provide a grant worth up to 100% of personal income tax withholdings for 20 years. A company can use JDIG funds for any purpose.
One North Carolina Fund (One NC)
One NC is a discretionary cash-grant program that allows the Governor to respond quickly to competitive job-creation projects. The local government must provide an incentive to match the One NC funding. Awards are based on the number of jobs created, level of investment, location of the project, economic impact of the project, and the importance of the project to the state and region. Awards may be used for installation or purchase of equipment, structural repairs and renovations, and construction or improvements to utility lines and associated equipment in new or existing buildings.
Public Infrastructure & Transportation Programs
North Carolina offers a number of different programs to fund public infrastructure development, including:
- Community Development Block Grant Economic Development Program
- Utility Account
- Rural Division’s Economic Infrastructure Program
- NC Department of Transportation’s Rail Industrial Access Program
- NC Department of Commerce & NC Department of Transportation’s Joint Economic Development Program
Building Reuse Programs
North Carolina offers two different programs that provide grants to renovate and upﬁt vacant industrial and commercial buildings including:
- Community Development Block Grant Building Reuse Program
- Rural Division’s Building Reuse Program
Other Incentive Programs
NCWorks Customized Training Program
Foreign Trade Zones
Golden LEAF Foundation Grants