Explore state incentive programs for your business.
The State of North Carolina currently provides discretionary and tax incentives to qualifying businesses in Wilkes County based on its Tier 1 designation. WEDC has extensive knowledge about these programs. It is our role to help determine if your company is eligible and then help facilitate the process.
Discretionary Programs
Job Development Grant
JDIG is a performance-based, discretionary incentive program that provides cash grants directly to new and expanding businesses to help offset the cost of locating or expanding a business facility in the state.
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Building Demolition
Community Development Block Grant, Demolition Program (CDBG Demolition)
This program is designed to fund the demolition of vacant and dilapidated industrial buildings and properties.
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Rural Division, Rural Building Demolition Program
This program provides grants to local governments to support the demolition of vacant buildings to encourage site rehabilitation and site availability for economic development purposes.
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Building Reuse
Community Development Block Grant, Building Reuse Program
This program provides funds for renovation and up-fitting of vacant industrial and commercial buildings for economic development purposes.
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Rural Division, Building Reuse Program
This program provides grants to units of local government for three purposes: renovation of vacant buildings; renovation or expansion of a building occupied by an existing North Carolina company wishing to expand in its current location; and renovation, expansion or construction of health care entities.
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Public Infrastructure
Community Development Block Grant, Economic Development Program
This program provides grants to units of local government for public infrastructure development.
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Utility Account
This program provides infrastructure grants to units of local government in Tier 1 and Tier 2 counties in the state.
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Transportation
N.C. Departments of Commerce and Transportation, Joint Economic Development Program
The N.C. Department of Transportation and the North Carolina Department of Commerce work closely together to provide transportation improvements and infrastructure that expedites industrial/commercial growth and provides new jobs or job retention.
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North Carolina Department of Transportation Rail Industrial Access Program
This program uses state funds to assist in constructing or refurbishing railroad spur tracks required by a new or expanding industry to encourage economic development.
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North Carolina Railroad Company, NCRR Invests
NCRR Invests program provides assistance to companies that take advantage of the state’s freight rail opportunities and create jobs by locating or expanding their company in North Carolina
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Workforce Training & Development
Workforce Development
North Carolina provides recruiting, screening and training services through a coordinated network of nationally recognized economic and workforce development agencies.
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Tax Exemptions
Manufacturing
North Carolina offers sales and use tax exemptions for manufacturing machinery and equipment; electricity, fuel and natural gas for manufacturing facilities; raw material for manufacturing; and inventories.
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Data Centers Sales & Use Tax Exemptions
North Carolina provides exemptions for Qualifying Data Centers, Eligible Internet Data Centers and Computer Software at Data Centers.
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Large Fulfillment Facility
Large fulfillment facilities equipment is exempt from sales and use tax.
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R&D and Software Publishing Sales Tax Exemptions
Sales Tax Exemptions – Research and Development activities for Physical, Engineering and Life Science Companies & Software Publishing Activities for Software Publishers
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Pollution Abatement Equipment & Recycling
The state offers property tax exclusions on pollution control and abatement equipment and recycling. It also offers a sales and use exemption for pollution control and abatement equipment.
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Historic Preservation Tax Credit
These tax credits are available for the rehabilitation of income-producing historic properties and owner-occupied historic residences.
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Other Programs
Foreign Trade Zones
There are four FTZs in North Carolina for use by individual companies.
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N.C. Biotechnology Center, Economic Development Award
The North Carolina Biotechnology Center EDA provides performance-based grants to local units of government in support of life science company projects.
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