Incentives

In Montgomery County North Carolina, you’ll find a local government that’s eager to work with new and expanding businesses. To that end, we have incentive packages that create a win for your business and a win for Montgomery County residents. In other words, these incentives must make good fiscal sense for all parties involved.

Whether it’s tax credits or tax exemptions, our performance-based incentives are designed to meet the needs of your company and enhance the quality of life in Montgomery County. Below you will find a brief overview of some of the available incentives.

Article 3J Tax Credits offer several types of tax credits to eligible taxpayers that undertake qualifying initiatives. These credits may be used to offset up to 50% of the taxpayer’s state income and/or franchise tax liability, and unused credits may be carried forward for up to five years.

Learn more about Article 3J Tax Credits

Community Development Block Grant funds are available to local municipal or county governments for projects that enhance the viability of communities by providing decent housing and suitable living environments and by expanding economic opportunities, principally for persons of low- and moderate-income.

State CDBG funds are provided by the U.S. Department of Housing and Urban Development (HUD) to the state of North Carolina.  Some urban counties and cities in North Carolina receive CDBG funding directly from HUD.

Learn more about Community Development Block Grants

The One North Carolina Fund helps recruit and expand quality jobs in high value-added, knowledge-driven industries. It also provides financial assistance to those businesses or industries deemed vital to a healthy economy that are making significant efforts to expand in North Carolina.

The fund currently consists of nonrecurring appropriations made by the N.C. General Assembly for companies seeking to undertake new expansion or locate new operations in the state. The fund is competitive and the location or expansion must be in competition with another location outside the state.

Learn more about the One North Carolina Fund

The Job Development Investment Grant (JDIG) is a discretionary incentive that provides sustained annual grants to new and expanding businesses measured against a percentage of withholding taxes paid by new employees. The program stimulates economic activity and creates new jobs by promoting the expansion of existing business and industry and by recruiting and attracting new business and industry.

Learn more about the Job Development Investment Grant

The Incumbent Workforce Development Program under the federal Workforce Investment Act broadens the scope of the state's existing incumbent worker initiative.  The Program provides funding to established North Carolina businesses to provide educational and skills training for current workers.  It is designed to benefit businesses by enhancing the skills of employees, thereby increasing employee productivity and the potential for company growth.  Training in portable skills results in a more highly skilled and versatile workforce that contributes to North Carolina's ability to attract new business and creates an environment conducive to expansion.

Learn more about Incumbent Workforce Development Program