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.