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LAKE NORMANECONOMIC DEVELOPMENT

Incentives


Local Incentives

Business Investment Grant Program (BIP)
The BIP is designed to encourage job creation and capital investment in Lake Norman. Qualifying projects that meet the requirements may receive a cash grant over a specific number of years.

Is your project eligible for the BIP?

BIP are awarded based the following:

  • Location of the project
  • Number of new jobs created in the community
  • Level of investment made in the community

Additional Local Incentives

  • Utility Rate Discounts
  • Customized Training Program

State Incentives

Job Development Investment Grant Program (JDIG)

JDIG is a performance-based, discretionary incentive program that provides cash grants directly to a company, when the company creates jobs and invests in the state.

Is your project eligible for the JDIG?

JDIG awards are calculated by several factors, including:

  • Location of the project
  • County tier designation
  • Number of net new jobs created in the state
  • Wages of the jobs
  • Level of investment made in the state
  • Company’s industry sector, and the industry’s alignment with the state’s targeted industry sectors

One North Carolina Fund Grant Program (One NC)

OneNC is a discretionary cash-grant that allows the Governor to respond quickly to competitive job-creation projects.

Is your project eligible for the OneNC?

OneNC awards are based on:  

  • Number of jobs created
  • Level of Investment
  • Location of the project
  • Economic impact of the project
  • Importance of the project in the state and region
  • Availability of local match

For more information on incentives, reach out to Ryan McDaniels.

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8600 Sam Furr Road, Suite 100
Huntersville, NC 28078