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Location <br />Type of Policy <br />Value <br />Term <br />Performance Grant Requirements <br />Durham County <br />Formal Written <br />Grants can be up to 2.25% of project's capital <br />up to 10 yrs <br />Grant requires a minimum investment of $50 million in <br />Policy <br />investment. Grants for very large projects can <br />capital for new projects, and a minimum of $30 million for <br />be 5% of capital investment. <br />expansion projects, or create a minimum of 200 new full - <br />$1,000 per job for 200 -500 jobs created, <br />time jobs <br />$1,500 per job for 501 -1,000 jobs created, <br />52,000 er'ob for +1 001 'obs created. <br />Franklin County <br />Internal <br />Grants range up to 3% of project's capital <br />up to 4 yrs <br />Unknown. <br />Guidelines <br />investment. <br />Granville <br />Internal <br />Case -by -case according to size of project. <br />3 to 5 years <br />Unknown. <br />County <br />Guidelines <br />Guilford County <br />Internal <br />Case -by -case; grants can be up to 74% of <br />up to 5 yrs <br />Grant requires a minimum of $5 million for a new facility <br />Guidelines <br />project's taxable value. <br />with 25 jobs, and a minimum of $3 million for existing <br />facility with 25 jobs. <br />Halifax County <br />Internal <br />Case -by -case according to project's size. <br />up to 5 yrs <br />Unknown. <br />Guidelines <br />Harnett County <br />Internal <br />Grants are up to 80% of project's taxable value. <br />up to 7 yrs <br />Terms vary with investment level. <br />Guidelines <br />Possible incentives based upon number of jobs <br />created at an average salary level of 110% of <br />the avg weekly wage. <br />Henderson <br />Unwritten <br />Case -by -case, grants are up to 100% of <br />up to 5 years for <br />Grant requires a minimum of $1.5 minimum in new real or <br />County <br />Guidelines <br />project's taxable value; dependent upon <br />non - industrial and <br />business personal property. <br />number of jobs created or retained. <br />up to 6 years for <br />industrial projects <br />Iredell County <br />Formal Written <br />Case -by -case, grants can go up to 100% of <br />up to 5 years <br />Grants require a minimum of $3 million new capital <br />Policy <br />project's taxable value. <br />investment <br />Johnston <br />Internal <br />Case -by -case (grants can reach 90% of real <br />up to 7 years for <br />New projects usually require a minimum investment of $5 <br />County <br />Guidelines <br />property tax value, and up to 50% for personal <br />real property & up <br />million in real property and $1 million in personal <br />property /machinery) <br />to 5 years for <br />property /machinery & equipment. <br />machinery <br />Lee County <br />Internal <br />Case -by -case according to size of project. <br />up to 5 years <br />Grants require a minimum of 25 new full -time jobs, $20M in <br />Guidelines <br />new investment or $5M for expansion. <br />Lincoln County <br />Internal <br />Grants range from 65% to 95% of project's <br />up to 5 years <br />No wage standard & no minimum job creation. <br />Guidelines <br />taxable value. <br />Mecklenburg <br />Internal <br />Grants range from 50% to 90% of project's <br />3 to 5 years <br />Minimum investment based on sector and job creation, and <br />County <br />Guidelines <br />taxable value. <br />based upon location - inside or outside "Business <br />Investment Program (13113)" designated zones. <br />