Orange County NC Website
Location <br />Type of Policy <br />�- - Policy <br />Value <br />��u= <br />i erm <br />Performance Grant Requirements un <br />Nash County <br />Internal <br />Case -by -case according to size of project. <br />up to 5 years <br />Grants require a minimum of $5 million in new investment <br />Guidelines <br />and 50 new jobs. <br />Person County <br />Internal <br />Case -by -case according to size of project. <br />up to 5 years <br />Unknown. <br />Guidelines <br />Randolph <br />Internal <br />Case -by -case according to size of project. <br />3 to 5 years <br />Unknown. <br />County <br />Guidelines <br />Rockingham <br />Internal <br />Case -by -case according to size of project. <br />up to 5 years <br />Unknown. <br />County <br />Guidelines <br />Sampson <br />Formal Written <br />Case -by -case according to size of project. <br />3 to 5 years <br />Grants require a minimum of $2 million for a new facility <br />County <br />Policy <br />with 25 jobs, and a minimum of $1 million for an existing <br />Union County <br />Internal <br />Grants can be up to 2.35% of project's capital <br />up to 5 years <br />facilitv with 15 new jobs <br />Grants require a minimum of $3 million for a new facility <br />Guidelines <br />investment. <br />with 10 new jobs, and a minimum of $2 million for an <br />Vance County <br />Internal <br />Case -by -case according to size of project. <br />up to 5 years <br />existing facilit no job min j. <br />Unknown. <br />Guidelines <br />Wake County <br />Formal Written <br />Case -by -case, up to 2.25% of the project's <br />up to 8 years <br />New or existing companies may be eligible for new <br />Policy <br />capital investment. <br />investments that exceed $100 million. <br />Existing businesses may be eligible for new investments <br />which exceed $50 million, provided that existing taxable <br />assessed valuation exceeds $75 million in the year the grant <br />agreement is approved. <br />For companies creating a minimum of 350 new full -time <br />jobs paying 200% (or double) the current Wake County <br />average wage, the threshold for new investment would be <br />$50 million. At least 50 new full -time jobs must be created. <br />Special consideration may be given to corporate, regional, <br />or divisional headquarters projects for Fortune 500 <br />companies and large international companies. <br />