Leverage local incentives for industrial development.
Local town and county grants may be available to encourage growth within our community when a business is investing in jobs, equipment, or improving or building a new facility. Before you make any decisions contact Wilkes EDC to confidentially discuss your project to determine if your company’s investment is eligible.
Eligibility
| New Business | Existing Business | |
|---|---|---|
| Job Creation | 20 | 10 (Exceptions can be requested for modernization grants) |
| Investment | $1M | $750,000 |
| Wages | 100% of Average County Wage | 100% of Average County Wage |
| Quality of Jobs | 50% of health insurance paid by employer | 50% of health insurance paid by employer |
Industry Sector: Manufacturing, distribution, corporate or divisional headquarters, back office operations, research and development, air courier hub, or processes which involve the utilization of high technology or innovative new technologies.
Eligible Uses
- Site acquisition
- Site preparation
- Internal site infrastructure
- External infrastructure
- Other improvements to the site
- Building renovation and upfit
- Job training costs not otherwise reimbursed by grants from the Community College system or tax credits pursuant to the state statute
- Other purposes which leave value in the community as determined by the Board on a project-by-project basis
- If an existing business expansion exhausts all eligible uses of grant funds, funds may be spent on the purchase and installation of machinery and equipment.