State of North Carolina Incentives

STATE OF NORTH CAROLINA

Financial Incentives:

3J Tax Credits: provides tax credits to qualifying businesses for job creation, investment in business
property and in some cases investment in real property. May be used to offset up to 50% of the   
taxpayer's state income and/or franchise tax liability, and unused credits may be carried  
forward for up to five years. Vance County is a Tier One County that provides a $12,500 tax credit for each new job created in Vance County.

The One North Carolina Fund: helps recruit and expand quality jobs in high value-added, knowledge-driven industries. It also provides financial assistance to those businesses or industries deemed vital to a healthy economy that are making significant efforts to expand in North Carolina.

Industrial Revenue Bonds: available in North Carolina to assist private business development and expansion by issuing low-interest tax-exempt bonds. Industrial Revenue Bonds, also known as industrial development bonds, IDBs, IRBs and qualified small issue bonds, offer qualified manufacturing facilities convenient long-term flexible financing.

Others:
Research & Development Tax Credits
Renewable Energy Tax Credits
Job Development Investment Grants
Community Development Block Grants

To learn more about these and other grants…. www.thrivenc.com/incentives/financial