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Incentives and Programs

The following is a list of programs and incentives administered by the North Carolina Department of Commerce Finance Center. For detailed information and forms, click on the program title.

Tax Credits
The William S. Lee Quality Jobs and Expansion Act rewards eligible companies expanding or relocating in North Carolina that hire within the North Carolina workforce to fill positions.

Industrial Revenue Bonds
The State's principal interest in Industrial Revenue Bonds is assisting new and expanding industry while seeing that North Carolinians get good jobs at good wages.

Composite Bonds
The Composite Bond Program looks to build on the already advantageous aspects of the issuance of Industrial Revenue Bonds.

Community Development Block Grants
These funds may be accessed by local government applicants (municipal or county, excluding entitlement cities or designated urban counties) with proposed projects that involves a specific business creating or retaining jobs.

The Industrial Development Fund
IDF provides incentive industrial financing in the form of grants and loans. These funds may be accessed by local government applicants (municipal or county).

One North Carolina Fund
The One North Carolina Fund may provide financial assistance to those businesses or industries deemed by the Governor to be vital to a healthy and growing State economy and are making significant efforts to expand in North Carolina. The fund is a competitive fund and the location or expansion must be in competition with another location outside of North Carolina. Criteria for the program is available through the NC Department of Commerce Finance Center.

Job Development Investment Grant
This discretionary incentive may provide sustained annual grants to new and expanding business measured against a percentage of withholding taxes paid by new employees. The program is competitive and the Economic Investment Committee, which oversees it can award up to 15 grants in a calendar year. Contact the NC Department of Commerce Finance Center for the detailed criteria.

Want more information on what makes Madison County so special?  Download our brochure in pdf format now.

Through a partnership with the Educational Research Consortium of the Western Carolinas Inc., French Broad EMC is now able to offer broadband Internet to businesses, school systems and other large organizations located within our service area and near the fiber optic backbone. At this time the service is only provided for organizations/businesses requiring a minimum of 3Mbit of bandwidth. The service is not available for individual home users.

The existence of our fiber optic backbone and FBEMC's partnership with ERC Broadband allows offering considerable Internet bandwidth (up to an OC-12) at an affordable cost. To learn more about these services please
contact FBE.

Connectivity in most areas also available from:

Verizon DSL
Charter Cable

Copyright 2010, Madison County Economic Development Board
fax: 828.649.1021