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Agenda - 01-31-2014 - 1
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Agenda - 01-31-2014 - 1
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6/2/2015 10:10:59 AM
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BOCC
Date
1/31/2014
Meeting Type
Special Meeting
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Agenda
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1
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Minutes 01-31-2014
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\Board of County Commissioners\Minutes - Approved\2010's\2014
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The State of North Carolina generally offers a prospective company either of <br />two discretionary grant incentive programs based on the project's estimated <br />job creation & capital investment commitment during the firm's first 3 to 5 <br />years of operation. These performance -based grants vary in $ value <br />according to each N.C. counties' economic ranking as a Tier 1, 2 or 3 county. <br />■ One North Carolina Fund — Awarded most frequently, according to a <br />range of $1,000 to $5,000 per job to be created by the company in the <br />first 3 years of operation. Requires a "local match" incentive of equal <br />value by the N. C. county being considered by the business. <br />■ Job Development Investment Grant (JDIG) — A significant grant <br />reserved for the State's largest projects that promise to create 200 or <br />more new jobs. The JDIG grant is a reimbursement of up to 75% of the <br />company's employee withholding taxes, for up to 12 years. <br />
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