Name of Program: One NC Program
• Purpose - To provide funds to companies adding significant tax base and jobs to
a county that exceed the average county wage rate.
• Amount - Varies greatly from project to project and is paid over time in 25 percent
increments as full-time jobs with benefits are created.
• Approval - NC Department of Commerce coordinates One NC requests. An employment
profile needs to be completed and submitted by the company creating the jobs to initiate
process. Any funding must be matched at least dollar-for-dollar with local or certain
other types of funding. This is a discretionary program with awards announced by
the governor after a completed application is submitted and reviewed.
Name of Program: JDIG
• Purpose - To help increase employment in NC, strengthen the state's economy and
economic development goals, remain competitive with another state(s) or country,
and to help the completion of a project in NC.
• Amount - a discretionary incentive that provides sustained annual grants to new
and expanding businesses measured against a percentage of withholding taxes paid
by new employees. Grant is paid directly to the company.
• Approval - Coordinated by the NC Department of Commerce with approval from an Economic
Investment Committee. There is a pre-application process followed by an invitation
to submit a full application.
Name of Program: Community Development Block Grant
• Purpose - To provide assistance to communities for creation of jobs primarily for
low and moderate income persons.
• Amount - Ratio of 1 job created for every $15,000 in funding to be paid to the
county for various uses including infrastructure projects.
• Approval - Since the direct beneficiary is the company, they will need to commit
to job creation with at least 60 percent of hires meeting the low/moderate income
criteria. Applications can be submitted anytime but does require public hearings
by County.
Name of Program: NC Rural Center Building Reuse Program - Pre Development Grant
• Purpose - For the planning activities necessary to reuse a vacant building. May
include feasibility, architectural and market studies. Building must be vacant for
at least three months.
• Amount - Maximum award of $25,000 (A match of at least $5,000 is required. The
unit of local government must provide at least $1,000 in cash or in-kind services
and $4,000 from public or private sources.)
• Approval - Quarterly application cycles with award date within two months of submittal.
Name of Program: NC Rural Center Building Reuse Program - Redevelopment Grant
• Purpose - To improve vacant buildings for redevelopment including system and structural
alterations. Building must be vacant for at least three months.
• Amount - Maximum award of $480,000 ($12,000 per job created. Must be matched by
at least an equal amount of private or public funds. The unit of local government
must provide a cash or in-kind match equal to 3% the grant request.)
• Approval - Quarterly application cycles with award date within two months of submittal.
Name of Program: State Green Incentives
NC Energy Investment Revolving Loan Fund: $18 million in federal recovery monies
to provide low-and no-interest loans to finance energy-saving projects at businesses,
local governments, non-profits, state agencies, community colleges, universities
and public schools. The loans will be awarded for up to $1 million.
NC Green Business Fund: $10 million in federal recovery funds to award competitive
grants to North Carolina businesses and organizations with innovative projects in
bio-fuels, green construction, environmentally friendly technology and renewable
energy products.
NC Green Workforce: JobsNOW initiative will provide nearly $7 million in federal
recovery funds to meet the training and workforce needs of the emerging green economy
through the community college system.
Federal recovery funds include $12 million to support energy savings and renewable
energy initiatives in small businesses and industries.
Property Tax Abatement for Solar Electric Systems: Exempts 80% of the appraised
value of a "solar energy electric system" (also known as a photovoltaic, or “PV”
system) from property tax.
Active Solar Heating and Cooling Systems Exemption: Active solar heating and cooling
systems may not be assessed at more than the value of a conventional system for property
tax purposes. Systems placed on residential, commercial and industrial property
are eligible for this exclusion. WORKFORCE BOARD PROGRAMS
Name of Program: On-The-Job Training Program
• Purpose - To provide employment and training for eligible persons
• Amount - Varies depending on number of persons hired. Grant is paid directly to
the company.
• Approval - Request made through Workforce Development Board Staff
Name of Program: Incumbent Workforce Development Program
• Purpose - To provide funding to established North Carolina businesses to provide
educational and skills training for current workers
• Amount - Maximum annual awards of $25,000 with a lifetime cap of $40,000 per company.
Grant is paid directly to the company.
• Approval - Request made through Workforce Development Board Staff
Name of Program: WorkKeys
• Purpose - To provide assessment system for area businesses
• Amount - Value estimated at $3,000 per job with first job profiled at no cost.
Grant is paid directly to the company.
• Approval - Request made through Workforce Development Board Staff
STATE OF NORTH CAROLINA
Warren County is classified as a Tier One County, which offers the greatest state
incentives. For additional state information, go to www.ThriveNC.com
Name of Program: Customized Training and Development Program
• Purpose - To provide customized skills training for new and expanding industry.
• Amount - Varies by project. Grant is paid directly to the company.
• Approval - Coordinated through Vance-Granville Community College’s campus in Warren
County & Vance County. A training plan is jointly developed, number of training
hours identified, anticipated costs determined and budget approval obtained. (The
state of North Carolina was the first state in the nation to provide customized skills
training. The program is state funded and carried out by Vance-Granville Community
College, located in Vance County.)
Name of Program: 3J Tax Credits for Creating Jobs
• Purpose - To provide a tax credit for companies creating jobs in North Carolina.
Click here for eligibility requirements.
• Amount - $12,500 per job credit taken in equal installments over 4 years. Grant
is paid directly to the company.
• Approval - Eligible companies who meet a minimum threshold of new full-time jobs
created during the taxable year are eligible. This is taken as a credit against State
Income Tax or Franchise Tax and all credits may not exceed 50 percent of the tax
liability.
Name of Program: 3J Tax Credits for Investing in Business Property
• Purpose - To provide a tax credit for companies investing in machinery and equipment
in North Carolina. Click here for eligibility requirements.
• Amount - 7% of the cost of capitalized tangible personal property placed in service
during the taxable year. Grant is paid directly to the company.
• Approval - There is no application required to claim the Article 3J credits. This
is taken as a credit against State Income Tax or Franchise Tax, and all credits may
not exceed 50 percent of the tax liability.
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