State Incentives

Targeted, Performance-based Programs to Accelerate Growth

The State of North Carolina provides all qualified companies with financial programs and advantages that will lower your costs of doing business, thus impacting your company’s bottom line. For a list of current incentives available from the State of North Carolina, visit here.

Community Development Block Grants

A Community Development Block Grant program is administered by the State of North Carolina. This program provides grants of up to $1 million may be available to support development projects. This program provides grants to units of local government primarily for public infrastructure to support economic growth. More here.

The N.C. Department of Commerce annually ranks the state’s 100 counties based on economic well-being and assigns each a tier designation. The 40 most distressed counties are designated as Tier 1, the next 40 as Tier 2 and the 20 least distressed as Tier 3. Rowan County has been designated a Tier 1 county and thus, businesses locating here are eligible to receive a higher level of incentives than in a Tier 1 or 2 county. More here.