Incentives
AdvantageWest helps eligible new and expanding companies take advantage of three types of state-level incentives.
Industrial Bond Issues
Industrial revenue bonds for new and expanding manufacturing facilities and solid waste disposal.
Loan and Grant Programs
Community Development Block Grants
Industrial Development Fund/Utility Fund
Business Energy Loans
One North Carolina Fund
Tax Credits
Investment Tax Credit
Jobs Creation Tax Credit
Research and Development Tax Credit
Worker Training Tax Credit
Central Administrative Office Tax Credit
Business Property Tax Credit
In addition, AdvantageWest works with local EDCs and Chambers of Commerce regarding the incentive policies that apply in their communities.
The North Carolina community college system offers state-funded customized training to North Carolina companies that need to upgrade workers' skills because of technological or process advances through its Focused Industrial Training (FIT) program.
For information about the incentives offered to eligible companies who choose to grow their businesses in North Carolina, visit the North Carolina Department of Commerce web site.
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Testimonial
In an effort to respond to the diverse economic development needs of North Carolina, then State Representative Martin Nesbitt introduced legislation creating the regional economic development partnerships. It was this extraordinary insight that allowed AdvantageWest to become one of the most innovative and nimble economic development programs in the state.
Gordon S. Myers
Founding Chair
AdvantageWest Board of Directors
Amanda Baranski
, Exec. Asst./ Asst. Corp Secretary
AdvantageWest
134 Wright Brothers Way
Fletcher, NC 28732
ph. 828-687-7234
fx. 828-687-7552
Email Amanda Baranski
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