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
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.
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.
The Composite Bond Program looks to build on the already
advantageous aspects of the issuance of Industrial Revenue
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.
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).
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.
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.
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.
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
in most areas also available from:
© 2010, Madison County Economic Development Board