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Incentives
The Greenville - Pitt County area has a reputation for being pro-business. The Office of Economic Development and our partners are prepared to develop a package of incentives and financing options to meet your project needs:
 

City of Greenville

Pitt County

NC Department of Commerce

Major employers that expand or relocate in Greenville - Pitt County can also take advantage of other relocation and expansion resources including high-quality workforce testing, screening, and training programs at minimal to no cost.

 

Capital Investment Grant 
Cash grants (paid in annual installments) for projects that involve new private investment in buildings/facilities, supported by increases of City property tax revenue generated by the projects [see: Guidelines​].

Economic Driver Projects (Greenville City Limits): new investments (relocations or expansions of business operations) in targeted industry sectors or other driving or basic industries; or major investments in non-targeted sectors or commercial projects that exceed a $15 million investment threshold. 

Special Projects (in Economic Development Investment Zones): projects not meeting the general qualifying standards (above) may also qualify for grant funding if they are located within designated EDI Zones and either (a). involve "catalytic" mixed-use (re)development and/or promote City Council goals (e.g., providing neighborhood-serving commercial in underserved areas), or (b). have the potential to transform districts, including community empowerment areas. 

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West Greenville Brownfields Program
Brownfields are real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. Program funds have been used for redevelopment planning, environmental site assessments (Phase I and Phase II), site remediation, and other related activities. The program facilitates public-private reinvestments in abandoned and underutilized properties in Greenville's urban core [more information]

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Small Business Plan Competition
Provides $15,000 - $30,000 incentive (distributed as zero interest loan forgivable over a three period) to small business owners and other entrepreneurs that have a plan to create or expand businesses within the Center City - West Greenville Redevelopment Areas [more information]

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Facade Improvement Grant
Provides matching grants for renovations to building facades within the City’s central business district.

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Pitt County Economic Development Grant 
Grant funds primarily for industrial projects, distribution facilities, or large office projects; grant amounts are based on projected increases to the Pitt County tax base and numbers and quality of jobs created by the project [more information]

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Commitee of 100
This not-for-profit organization was created to stimulate and provide a broader network of support for economic development throughout Pitt County. The Committee of 100 provides insight and capital funding to help close development deals [more information].

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NC Tax Credits

Article 3J Tax Credits: to qualifying businesses for job creation, investment in business property and in some cases investment in real property.

Interactive Digital Media Tax Credit: for developing interactive digital media.

Renewable Energy Tax Credits: 35% of the cost of renewable energy property.

Technology Development (Article 3F) Tax Credits: for qualified North Carolina research expenses during a taxable year.

[more information]

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NC Discretionary Programs

Job Development Investment Grant: direct cash grants to new and expanding businesses that will provide economic benefits to the State, and need the grant to carry out the project in North Carolina.

One North Carolina Fund: for job creation and/or retention in conjunction with local government matches.

SBIR/STTR Small Business Technology Funding: to firms that have been awarded a SBIR/STTR Phase I award from the federal government.
Site and Infrastructure Grant Fund: for site development and infrastructure improvements for very high-impact projects.

Job Maintenance and Capital Development Fund: to businesses located in Development Tier 1 counties (or zones) and meets employment/investment threshholds.

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NC Cost-Saving Programs

Industrial Revenue Bonds: tax-exempt financing for eligible new or expanded manufacturing facilities, certain solid waste disposal facilities and sewage disposal facilities.

Community Development Block Grants and Industrial Development Fund: grants and loans for infrastructure development to eligible local governments. 

Road Access and Rail Access Programs: funds for the construction of roads and rail access to new or expanded industrial facilities.

North Carolina Biotechnology Center: loans and matches to help leverage larger financial awards for biotechnology companies.

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NC Sales and Use Tax Discounts, Exemptions, Refunds
North Carolina offers reduced rate allowances on certain parts, accessories and construction supplies for eligible industries and manufacturing processes. ?

Office of Economic Development

252-329-4502

 

 Tax Increment Financing

 
City of Greenville policy for using Project Development Financing in redevelopment areas