One North Carolina Fund (North Carolina)
Last modified on February 12, 2015.
|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|
|Program Administrator||North Carolina Department of Commerce|
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.
|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|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||§ 143B-437.70 to 74|