One North Carolina Fund (North Carolina)

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Last modified on February 12, 2015.

EZFeed Policy

Place North Carolina


   
Applies to States or Provinces North Carolina
Name One North Carolina Fund (North Carolina)
Policy Category Financial Incentive
Policy Type Grant Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector Local



























Program Administrator North Carolina Department of Commerce
Primary Website http://www.thrivenc.com/incentives/financial/discretionary-programs/one-north-carolina-fund



Last Review 2014-09-15



Summary

The One North Carolina Fund, directed by the Commerce Finance Center, helps recruit and expand jobs in high-value industries deemed vital to the state. State appropriations replenish the Fund and local governments must provide a match to the company, either in cash, services, or in-kind contributions. Companies seeking to expand or relocate to the state can receive grant funding for the purchase or installation of equipment, facility repairs, or construction or improvements to infrastructure such as transmission lines.

The fund currently consists of nonrecurring appropriations made by the North Carolina General Assembly for companies seeking to undertake new expansion or locate new operations in the state. The fund is designed to increase the state’s competitiveness so the project location or expansion must be in competition with another location outside the state.



Policy Contact

Department Department of Commerce
Division Commerce Finance Center
Address 301 N. Wilmington Street, Education Building
Address 2 4301 Mail Service Center
Place Raleigh, North Carolina
Zip/Postal Code 27699-4301
Phone 919.733.4151


Email info@nccommerce.com
Website http://www.thrivenc.com/contactus
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: § 143B-437.70 to 74




















References