Incentive Programs
A strong business presence is vital in the success and well-being of our Iredell County communities. Whether you’re a new business looking for the place to call home or an existing business hoping to expand or reinvent your operations, our incentive programs may be able to provide the support you need. Download a complete copy of available Incentive & Grant Programs.
State Incentives
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. Grant funds are disbursed annually, for up to 12 years, to approved companies following the satisfaction of performance criteria set out in grant agreements. The project must be competitive with locations outside North Carolina and remain competitive until the grant is formally awarded. A company can use JDIG funds for any purpose.
One North Carolina Fund (One NC)
The One North Carolina Fund (OneNC) is a discretionary cash-grant program that allows the Governor to respond quickly to competitive job-creation projects. One NC requires a local match. Awards are based on the number of jobs created, investment level, project location, and economic impact of the project. The project must be competitive with locations outside North Carolina and remain competitive until the grant is formally awarded. Awards may be used for improvements such as installation or purchase of equipment, structural repairs and renovations, and construction or improvements to utility lines and associated equipment.
Public Infrastructure & Transportation Programs
North Carolina offers a number of different programs to fund public infrastructure development, including the Community Development Block Grant Economic Development Program, Utility Account, Rural Division’s Economic Infrastructure Program, NCDOT’s Rail Industrial Access Program, North Carolina Railroad Company’s NCRR Invests program, and the NC Department of Commerce’s Joint Economic Development Program with the NCDOT.
Building Reuse Programs
North Carolina offers two different programs to provide grants to renovate and upfit vacant industrial and commercial buildings, including the Community Development Block Grant Building Reuse Program and the Rural Division’s Building Reuse Program.
Workforce Development and Training Programs
No state has more experience in providing customized training. N.C. pioneered the nation’s first customized training program in 1958, and since has provided customized training for thousands of companies in almost every industrial category. The Customized Training Program provides customized training assistance in support of full-time production and direct customer service positions. Resources provided may support training assessment, instructional design, instructional costs, and training delivery for personnel involved. North Carolina will also assist with initial recruitment, personalized screening, pre-employment training and, ultimately, client-specific training.
Incentives listed on this page and North Carolina 2020 Incentives Brochure are not the only opportunities available.
Further, this information is provided for guidance only and cannot be relied upon due to continuous changes. For questions regarding these programs, please contact info@iredelledc.com
