Discretionary Incentive Programs
In North Carolina, several financial incentive programs are classified as discretionary in nature. Our site location specialists here at the Department of Commerce will help guide your company through the application and evaluation process every step of the way.
- Job Development Investment Grant – Awards a limited number of cash grants directly to new and expanding businesses that will provide economic benefits to the State, and need the grant to carry out the project in North Carolina. Grants are based on the job creation and investment commitment made by companies in their formal applications to the State prior to a location decision. Grant funds are disbursed annually to approved companies based on a percentage of withholding taxes paid by new employees, following satisfaction of performance criteria set out in grant agreements.
- One North Carolina Fund – Awards grants for job creation and/or retention in conjunction with local government matches.
- SBIR/STTR Small Business Technology Funding – Awards matching funds to firms who have been awarded a SBIR/STTR Phase I award from the federal government.
- Site and Infrastructure Grant Fund – Provides assistance for site development and infrastructure improvements for very high-impact projects.
- Job Maintenance and Capital Development Fund – Provides a limited number of grants to businesses located in Development Tier 1 counties, where the business has at least (i) 2,000 employees, and invests at least $200 million in capital improvements, or (ii) 320 employees, and invests at least $65 million in capital improvements to convert its manufacturing process to change the product it manufactures.