State & Local Business Incentives

Halifax County, North Carolina is pro-business and our community leaders are committed to providing an environment to enhance business growth and prosperity. Companies looking to locate or expand in Halifax County will find a number of resources to support job creation and investment.  Halifax County is designated as a Tier One Area by the North Carolina Department of Commerce. This designation provides for MAXIMUM support to qualifying new and expanding industries.

State Incentives

Corporate Income Tax

The North Carolina corporate income tax rate is 3%.

One North Carolina Fund

The One North Carolina Fund is a discretionary program that 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 non-recurring appropriations made by the North Carolina General Assembly for companies contemplating new expansion or 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.

Companies can receive funds for: 1) Installation or purchase of equipment; 2) Structural repairs, improvements, or renovations of existing buildings to be used for expansion; 3) Construction of or improvements to new or existing water, sewer, gas or electric utility distribution lines, or equipment for existing buildings. To be considered for the One North Carolina Fund, the company must agree to meet an average wage test. For companies considering Halifax County, the County must agree to match financial assistance to the company.

Halifax County Incentives

Economic Development Incentive Grant Program

Halifax County offers an Economic Development Incentive Grant Program designed to provide an inducement for qualifying new businesses to locate in Halifax County and encourage qualifying existing businesses to expand. The program provides a grant to companies investing in Halifax County. The amount of the grant, which is paid over five years) will be established by a contract with Halifax County. The amount of the grant is determined on a case-by-case basis in consideration of new jobs and taxable investment to be created by the business.

Halifax County Business & Industry Retention Grant

Halifax County may provide a grant or loan to retain business and industry under certain conditions. The intent of this grant/loan program is to retain significant tax base and employment and benefit Halifax County employees and citizens by increasing worker education, worker and company productivity, and long-term industry competitiveness on a global basis. The grant may not be used to protect companies from local business competition. 

Building Reuse Grant Program

The Building Reuse Program is administered by the Rural Division of the NC Department of Commerce and provides grants to local governments to support the renovation of vacant buildings and the renovation or expansion of a building occupied by an existing North Carolina company wishing to expand in its current location. 

For vacant buildings, up to $12,500 per full-time job is available up to a maximum of $500,000.  The amount per job is determined by the location of the project, the type of company, company wage levels, and the level of contribution by the company to employee health insurance. 

For existing buildings, up to $10,000 per full-time job is available for a maximum of $500,000. The amount per job is determined by the tier location of the project, the type of company, company wage levels, and the level of contribution by the company to employee health insurance. 

Eligible expenses incurred after a grant has been awarded include: materials and labor to install HVAC, electrical, plumbing, fire alarm/suppression system, roofing, flooring, carpentry, drywall, pant and other renovation or upfitting costs. 

For additional information regarding these programs, contact:
Cathy A. Scott, Executive Director
Halifax County Economic Development Commission 
252-519-2630 or This email address is being protected from spambots. You need JavaScript enabled to view it.