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NORTH CAROLINA <br />the state of niftids <br />The One North Carolina Fund consists of nonrecurring appropriations made available to the governor as <br />a flexible and discretionary tool allowing North Carolina to respond quickly to enable job creation and/or <br />retention. Awards are based on jobs created, economic impact of the project, the importance of the project to <br />the state, quality of industry, and environmental impact. <br />Awards are allocated to local units of government as part of a negotiated challenge grant. Local governments <br />are <br />n <br />required to match the One North Carolk a award with cash, fee waivers, in-kind services, donations of land, <br />building or other assets, or provision of kffirastn. <br />: fi'66inp�inyto:b6:conside'red.f'or'..E��' <br />F <br />.,a grant, the <br />d <br />test as required by the Articl B]"Tax Credit Act. <br />• Installing or <br />company must agree to meet the weighted hourly average wage <br />Funds allocated through One North Carolina are used for <br />improvements, or renovations of existing buildings to be used for expansion <br />,-, 7" <br />4sGiction of or improvements to new or existing water, sewer, gas or electric utility distribution lines <br />• Equipment for existing buildings <br />The One North Carolina Fund <br />may provide financial assistance to <br />businesses deemed by the governor to <br />be vital to a healthy state economy. <br />North Carolina Department of Commerce Incentives 1 13 <br />