Local town and county grants may be available to encourage growth within Wilkes County when a business is investing in jobs, equipment, improving or building a new facility. Every project is unique. Start before you make any decisions by contacting Wilkes EDC to confidentially discuss your project to determine if your company's investment is eligible. The EDC also considers many other granting entities and determines if your project meets the requirements to potentially qualify for additional regional, state and/or federal grants. Facilitation of your grant request is managed by the EDC with local government and/or other granting entities to simplify the process and guide you throughout the processAll grants are at the discretion of local government, or the granting entity, and must go through an approval process prior to the company's decision to locate or grow in Wilkes County. Grants are always performance based and contractually agreed upon. The company must first make the investment increasing the tax base and/or create the jobs before grant funds are distributed.

 

LOCAL INCENTIVE GRANT PROGRAMS

 

 

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Industrial Development Incentive Grant

 

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Eligible Uses of Industrial Development Incentive Grants
  • 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.

The incentive guidelines are only guidelines. All projects are subject to approval of local government entities.

 

 

Small Business Development Incentive Grant

The small business development grant program is designed to stimulate small business growth across Wilkes County. It is targeted to smaller businesses in a wider range of sectors. The grant is based on taxable investment, job creation, and wages. There is a maximum of eight (8) grants awarded each fiscal year. It is a complement to municipal capital improvements grants. Wilkes County funds the grant in full for small businesses located only in the county and funds the grant jointly for small businesses inside a municipality.

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Project Investment Guidelines

The Small Business Development Incentive Grant is $5,000 payable after the company completes the new investment equaling $250,000 or more and makes their first tax payment on the new investment.   

Eligible Uses of Small Business Development Incentive Grants

  • Site acquisition
  • Site preparation
  • Internal site infrastructure
  • External infrastructure
  • Other improvements to the site
  • Building renovation and upfit – examples: roof repair or replacement, electrical work including upgrading HVAC, equipment repairs and replacement, energy efficiency upgrades, improving restroom facilities, flooring, and structural repairs.
  • 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 the existing business expansion is equipment only, all of the eligible uses above must be exhausted before it can be spent on machinery and equipment.

 

For more information, prospective grantees who wish to be considered for these grants may call the Wilkes Economic Development Corporation at (336) 838-1501 or by This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Incentive Grants for Wilkes County are Pending as of May 4th, 2021
 

 

Contacts

 

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