State & Local Business Incentives

In Halifax County, North Carolina 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 and enhancement to support job creation and investment. Halifax County is a Tier One Area

State Incentives

One North Carolina Fund

The One North Carolina Fund (OneNC) is a discretionary cash-grant program that allows the Governor to respond quickly to competitive job-creation projects. One NC requires a local match.  Awards may be used for improvements such as installation or purchase of equipment, structural repairs and renovations, and construction or improvements to utility lines and associated equipment.    

To be considered for either JDIG or One NC:

• The project must be competitive with locations outside North Carolina and remain competitive until the grant is formally awarded.
• Project is considered for one of the two programs based on the number of net new jobs created, exceeding average county wage, investment level, project location, and economic impact of the project.

Job Development Investment Grant (JDIG) Program

The Job Development Investment Grant (JDIG) is a performance-based, discretionary incentive program that provides cash grants directly to new and expanding companies to help offset the cost of locating or expanding a facility in the state.  The amount of the grant is based on a percentage of the personal income tax withholdings associated with the new jobs.

The amount of a JDIG award is calculated based on a number of factors to determine its potential value, including the location of the project, the county tier designation, the number of net new jobs, the wages of the jobs compared to the county average wage, the level of investment and whether the industry is one of the state’s targeted industry sectors. Grant funds are disbursed annually, for up to 12 years, to approved companies following the satisfaction of performance criteria set out in grant agreements.

For projects located in a Tier 3 county, 75% of the annual grant is paid to the company and 25% is transferred into the Utility Account, a state program to fund infrastructure projects in Tier 1 and Tier 2 counties. For projects located in a Tier 2 county, 90% of the annual grant is paid to the company and 10% is transferred to the Utility Account. For projects located in a Tier 1 county, 100% of the annual grant is paid to the company.

For both the One NC Fund and Job Development Investment Grant, the Halifax County Economic Development Commission will be the company’s initial liaison for access to the Economic Development Partnership of North Carolina (EDPNC), Inc. to begin incentive discussions and eligibility determination.

Halifax County Incentives

Economic Development Incentive Grant Program

Halifax County offers an Economic Development Incentive Grant (EDIG) Program designed as an inducement for qualifying new businesses to locate in Halifax County and to encourage existing businesses to expand. The program provides a grant to companies making investments and creating jobs in Halifax County. The amount of the grant, which is generally paid over five years, will be negotiated between the company and the county, taking into consideration the new jobs and taxable investment to be created by the business.

Halifax County Business & Industry Retention Grant Program

Halifax County may provide a grant or loan to existing 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. Funds may be used by the company for strategic investments, including worker training and education, worker and company productivity, and activities to enhance long-term industry competitiveness on a global basis. The grant may not be used to protect companies from local business competition.