INCENTIVES
It cost less to do business in our workforce area! In addition to a generous array of tax incentives, companies in our workforce area also benefit from a host of other cost saving factors, including labor, real estate, transportation and living costs that are the lowest in the state. These incentives make it most attractive for expanding and relocating companies to choose Martin County, North Carolina.
Our workforce area is designated as a Tier 1 County which receives the very highest level of incentives from the state. Local incentives are also available.
We offer 12,500 NC tax dollars per job created and 7% tax credit on depreciable property.?????
The N C Department of Commerce details the state funded incentive programs.
Companies that meet certain requirements can take advantage of tax credits and other incentives, including sales and use tax discounts, exemptions and refunds, discretionary programs and other cost-saving programs. See the sections and links below for more information on these programs.
- Tax Credits
- Discretionary Programs
- Other Cost-Saving Programs
- Sales and Use Tax Discounts, Exemptions and Refunds
Other helpful links to financial resources are:
The Department of Commerce publishes a variety of reports on the state’s economic development incentives, primarily for in-state stakeholders and legislators.
The Commerce Finance Center offers information on the financial incentive programs available to qualifying companies that plan to locate or expand in North Carolina. Commerce staff will help guide your company through the variety of available assistance programs.
Incentives Chapter (PDF) of the Commerce Fact Book
The North Carolina Department of Revenue administers many of the financial incentive programs offered in North Carolina and provides further information on their website. For detailed information please contact the Corporate Tax Division at 919-733-8510.
2011–12 N.C. Property Taxes (PDF) is a chart outlining tax rates in all 100counties in North Carolina.
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