Local Incentives: The City of Greensboro and Guilford County have guidelines in place for their policies of assistance to new and expanding companies. Incentives are performance based focusing upon job creation, capital investment and employee wage levels. Projects in the City of Greensboro’s Urban Progress Zone areas are also eligible for increased incentives.
State of North Carolina Incentives: North Carolina incentives include the Job Development Investment (JDIG), the One North Carolina Fund, and Article 3J Tax Credits. Industrial revenue bonds can also be issued by Guilford County for the financing of manufacturing projects on low interest rates.
Workforce Training Assistance: North Carolina has a nationally recognized customized training program for business and industry. This state-funded training is customized for the company and delivered on-site or at a Guilford Technical Community College (GTCC) campus. Additionally, the Greensboro-High Point-Guilford County Workforce Development Board provides services to help businesses locate, screen, select or train workers.
Utility Assistance: Duke Energy provides for an Economic Development Rider for qualifying companies contributing to the economy of the Duke Energy service area. With the rider, companies can receive a 20% reduction equal to the best available rate, with a cumulative reduction of 50% over four years.
Property Selection Assistance: The Greensboro Economic Development Alliance staff will assist clients with the identification of suitable properties. Site tours can be arranged with or without the participation of the real estate broker. Complete confidentiality is assured. The easily searchable, online tool, Property Locator allows you to check out available properties located in Greensboro and Guilford County.
Private Sector Assistance: The Greensboro business community is eager to assist companies that are creating a positive impact on the economy. Such assistance could include: creative financing packages, employee relocation assistance and special offers from potential vendors.
Greensboro Economic Development Alliance staff facilitates the handling of requests for incentives and training. If your company is interested in exploring eligibility for incentives or training, please contact:
Cyndi Dancy, Vice President Business Development Services
Barbara West, Manager New Business Services