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Financial Incentives

State tax information 

  • #1 ranked by Forbes, 2017, Best State for Business
  • #1 ranked by Site Selection, 2017 & 2018 Top Competitive State (Prosperity Cup)
  • #2 ranked by Site Selection, 2017, Top U.S. Business Climate 
  • #4 ranked by EY, 2017, Lowest State & Local Burden 
  • Corporate income tax reduced to 2.5 percent in 2019, the lowest of all 44 states that levy this tax
  • A number of sales and use tax exemptions
    • Manufacturing, Large Fulfillment, Data Centers and Other 

State incentive programs 

  • Job Development Investment Grant (JDIG)
    • 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.
  • One North Carolina Fund (One NC)
    • 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.
  • Public Infrastructure and Transportation Programs
    •  A number of different programs to fund public infrastructure development.
  • Building Reuse Programs
    • Two different programs to provide grants to renovate and upfit vacant industrial and commercial buildings.
  • Workforce Development and Training Programs
    • Customized training assistance in support of full-time production and direct customer service positions.
  • Other 
    • Recycling Business Development Grants, Building Demolition Programs, Foreign Trade Zones, etc. 

Economic Development in
other states

  • The Carolinas

    A pro-business climate offers low energy costs and a skilled, productive workforce.

  • Greater Cincinnati

    Home to nine Fortune 500 companies, top-tier amenities and a diverse workforce.

  • Indiana

    Indiana's central location and efficient transportation are ideal for new or expanding businesses.

  • Florida

    Florida’s large, talented workforce and streamlined regulations help businesses thrive.