North Carolina offers a range of incentives to support job creation, workforce training, and business expansion. Programs like the Job Development Investment Grant (JDIG) and NC Works provide financial support and training resources, helping businesses grow while strengthening the state’s workforce.
North Carolina Job Development Investment Grant (JDIG)
- Purpose: Provides financial incentives for job creation and capital investment in North Carolina.
- Eligibility: Businesses creating new jobs and investing in the state; projects must be competitive with locations outside North Carolina.
- Benefit: Cash grants based on a percentage of the personal income tax withholdings from new jobs, available for up to 12 years.
- Application process: Apply through the North Carolina Department of Commerce.
- More info: Grant amounts vary based on project location, county tier, number of jobs, wages, investment level, and industry. Projects in Tier 1 and 2 counties receive higher benefits.
North Carolina grants for small businesses
For North Carolina grants for small businesses, the JDIG program provides cash grants to encourage job creation and investment, with additional incentives for projects in economically distressed areas.
Other relevant programs in North Carolina
- One North Carolina Fund: Supports job creation and investment, with applications managed through the North Carolina Department of Commerce. Benefit details vary based on project specifics.
- Workforce Innovation and Opportunity Act (WIOA) Programs: Provides funding for workforce development, including training and employment services. Programs cover adults, dislocated workers, and youth, with applications processed through local workforce development boards or NC Works Career Centers.
- NC Works Training Funding: Assists low- to no-income adults, dislocated workers, and youth by covering registration fees, books, tools, and other training-related expenses. Applications are managed through local NC Works Career Centers.
- On-The-Job Training (OJT): Supports businesses in hiring and training eligible WIOA clients by reimbursing up to 50% of the employee’s wages for up to 6 months. Applications are available through local workforce development boards or NC Works Career Centers.
List of small business grants