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FINANCIAL PROGRAMS

The Economic Development Office administers several business financial assistance programs under the umbrella of its Business Revitalization Programs to provide assistance to businesses seeking:

Improvements to their commercial property:
Facade Improvement Grant - 50% reimbursement for eligible renovation to a building's facade and/or to bring signage, landscaping or parking lots into conformance with current codes.
Security Grant- provides 50% reimbursement for the installation of eligible security improvements.

Assistance with locating or expanding its operations:
Business Investment Grant- provides grants to companies for investing at least $3 million in new or expanded services or processes and adding 20 jobs or more. View the eligible geography or check your specific property for eligibility.
Industrial Revenue Bonds for manufacturing projects

Assistance with operating a business organization:
Business District Organization Program (BDOP) -provides up to $30,000 in matching funds per year to eligible business district organizations for eligible operating/administrative expenses. View eligible geography. Download application: BDOP Application

Financial assistance with contaminated sites:
Brownfield Assessment Grant - provides 50% reimbursement up to $20,000 per site for environmental assessment activities that lead to site redevelopment. View the eligible geography or check your specific property for eligibility.
Brownfield Tax Incentive - owners of Brownfield properties are entitled to partial City and County property tax exclusions.

STATE PROGRAMS
Urban Progress Zone: As part of North Carolina's Article 3J tax credit programs, businesses located in designated Urban Progress Zones have access to programs that provide economic incentives for new investment and job creation. View the eligible geography or check your specific property for eligibility.

For information on additional programs offered by the state of North Carolina, visit the North Carolina Department of Commerce web site.