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Surnmary of incentive Policies in 28 North Carolina Counties 118 <br />lnct unrintvrl• 1 /)1 /7n1A <br />Attachment 3-b <br />Location <br />Type of Policy <br />Value <br />Term <br />Performance Grant Requirements <br />Alamance <br />Internal <br />Case -by -case according to size of project. <br />3 to 5 years <br />The amount of a grant is negotiable, but based primarily on <br />County <br />Guidelines <br />the capital investment associated with the project. Terms <br />and conditions for grant payments are also negotiable <br />based on the particular needs of the client and requires a <br />written performance agreements between the Company <br />and the local government unit(s). Other local incentives <br />may include utility upgrades /extensions and /or rate <br />incentives, expedited regulatory processes, and /or various <br />fee /charge waivers for site /building development costs. <br />Buncombe <br />Formal Written <br />Grants can be up to 85% of project's taxable <br />up to 5 yrs <br />Must meet investment and job creation thresholds (see <br />County <br />Policy <br />value. <br />guidelines to breakdown) <br />Cabarrus <br />Internal <br />Grants can be up to 85% of project's taxable <br />up to 3 yrs <br />Grant requires a minimum of $1.5M capital investment <br />County <br />Guidelines <br />value. <br />Caswell County <br />Internal <br />Case -by -case according to size of project. <br />Unknown <br />Unknown. <br />Guidelines <br />Catawba <br />Internal <br />The size of the annual grant may be up to <br />up to 10 yrs for <br />Net minimum increase capital investment of $1.5M or more <br />County <br />Guidelines <br />100% percent of the net increased property tax <br />Industrial projects / <br />measured by an increase in the property tax assessment; <br />revenue generated by the project. <br />up to 3 yrs for Non- <br />create a minimum of 20 jobs that pay wages at or above the <br />Industrial projects <br />county's median industrial wage. <br />An additional 10% and /or an additional year of <br />that pay less than <br />incentive grant funding will be given to <br />County's median <br />projects that locate in a vacant or underutilized <br />industrial wage <br />building listed in the vacant buildings inventory <br />list and which have been vacant for a minimum <br />of one year. <br />Chatham <br />Formal Written <br />Case -by -case according to size of project. <br />up to 5 yrs <br />Grant allocation is calculated on a point system <br />County <br />Policy <br />Cleveland <br />Internal <br />Grants can be up to 60% of a project's real and <br />up to 5 yrs <br />Unknown. <br />County <br />Guidelines <br />personal property tax valuation. <br />Columbus <br />Internal <br />Case -by -case according to size of project. <br />up to 5 years <br />Grant requuires a minimum of $250,000 in capital <br />County IGuidelines <br />investment. <br />