Incentives

LENOIR COUNTY INCENTIVES

The Lenoir County Economic Development Department works closely with local governments to develop financial packages and incentives for industries that are expanding or relocating to the area. Local performance based incentives are evaluated on a case by case basis and are determined by the level of capital investment and job creation. These local programs are in addition to significant state job and investment tax credits and training programs.

NORTH CAROLINA ASSISTANCE TO QUALIFYING BUSINESSES

 North Carolina provides all qualified companies with financial programs and advantages that will lower the cost of doing business, thus impacting a company’s bottom line.

 The North Carolina Department of Commerce Finance Center provides a “one-stop” financial center to which relocating companies and existing employers can come for an explanation of the financing alternatives available in North Carolina.

Companies that meet certain requirements can take advantage of tax credits and other incentives including sales and use tax discounts, exemptions and refunds, discretionary programs. 

NEW AND EXPANDING INDUSTRY TRAINING

Administrated by the North Carolina Community College System, this Customized Training Program can provide companies, creating 12 or more jobs in a year, free customized training programs for their new employees.