William S. Lee Quality Jobs and Business Expansion Act
The North Carolina General Assembly has created tax incentives for new and expanding businesses. The categories are as follows:
- Tax Credits for Creating Jobs
- Tax Credits for Investing in Machinery and Equipment
- Worker Training Tax Credits
- Tax Credits for Research and Development
- Tax Credits for Investing in Central Administrative Office Property
- Business Property Tax Credits
Approved State Development Zones can greatly enhance some tax credits.
All credits are dependant on the company meeting certain qualifying criteria such as wage rates, the county tier designation and the number and quality of jobs created.
Contact the Commerce Finance Center of the North Carolina Department of Commerce for more information.
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Additional State of North Carolina Financial Programs Available to Businesses
The North Carolina General Assembly has created tax incentives for new and expanding businesses. The categories are as follows:
- Industrial Revenue Bonds
- North Carolina Small Cities Community Development Block Grant Program
- Industrial Development Fund
- Business Energy Loans
- Industrial Access/Road Access Fund
- Rail Industrial Access Program
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