Mitchell County Economic Incentives

Business Incentives and Financial Assistance

The North Carolina Department of Commerce offers qualified companies financial programs and incentives that can help existing companies expand or new companies locate in Mitchell County.

In addition, on-going workforce training opportunities provide retraining of employees to help them learn new skills in a changing competitive environment

Financial Incentives in North Carolina

Other Incentives in North Carolina

Tax Credits in North Carolina

Building Demolition

Community Development Block Grant, Demolition Program (CDBG Demolition)
This program is designed to fund the demolition of vacant and dilapidated industrial buildings and properties.
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Rural Division, Rural Building Demolition Program
This program provides grants to local governments to support the demolition of vacant buildings to encourage site rehabilitation and site availability for economic development purposes.
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County Tier System

County Development Tier Designations
North Carolinas 100 counties each are assigned a tier designation. This tier system is incorporated into various state programs to encourage economic activity in the less prosperous areas of the state.
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Discretionary Grants

Job Development Investment Grant
JDIG is a performance-based, discretionary incentive program that provides cash grants directly to new and expanding businesses to help offset the cost of locating or expanding a business facility in the state.
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One North Carolina Fund
This is a discretionary cash-grant program that allows the Governor to respond quickly to competitive job creation projects.
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Public Infrastructure

Community Development Block Grant, Economic Development Program
This program provides grants to units of local government for public infrastructure development.
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Utility Account
This program provides infrastructure grants to units of local government in Tier 1 and Tier 2 counties in the state.
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Rural Division, Economic Infrastructure Program
This program provides grants to local governments to assist with public infrastructure projects that will lead to the creation of new, full-time jobs.
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Building Reuse

Community Development Block Grant, Building Reuse Program
This program provides funds for renovation and up-fitting of vacant industrial and commercial buildings for economic development purposes.
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Rural Division, Building Reuse Program
This program provides grants to units of local government for three purposes: renovation of vacant buildings; renovation or expansion of a building occupied by an existing North Carolina company wishing to expand in its current location; and renovation, expansion or construction of health care entities.
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N.C. Departments of Commerce and Transportation, Joint Economic Development Program
The N.C. Department of Transportation and the North Carolina Department of Commerce work closely together to provide transportation improvements and infrastructure that expedites industrial/commercial growth and provides new jobs or job retention.
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North Carolina Department of Transportation Rail Industrial Access Program
This program uses state funds to assist in constructing or refurbishing railroad spur tracks required by a new or expanding industry to encourage economic development.
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Workforce Training & Development

Workforce Development
North Carolina provides recruiting, screening and training services through a coordinated network of nationally recognized economic and workforce development agencies.
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Tax Exemptions

Data Centers Sales & Use Tax Exemptions
North Carolina provides exemptions for Qualifying Data Centers, Eligible Internet Data Centers and Computer Software at Data Centers.
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Historic Preservation Tax Credit
These tax credits are available for the rehabilitation of income-producing historic properties and owner-occupied historic residences.
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North Carolina offers sales and use tax exemptions for manufacturing machinery and equipment; electricity, fuel and natural gas for manufacturing facilities, raw material for manufacturing, and inventories.
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Pollution Control and Abatement & Recycling
The state offers property tax exclusions on pollution control and abatement equipment and recycling. It also offers a sales and use exemption for pollution control and abatement equipment.
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