Generous Incentives, Financing and Low Taxes
One of America’s most business-friendly states, North Carolina makes it particularly attractive for new, expanding and relocating companies to choose Duplin County. You can learn more about state funded incentive programs at the NC Department of Commerce web site.
North Carolina Incentives
Targeted, performance-based incentive programs complement the state’s competitive cost structure and low business tax burden to offer businesses a cost-effective place to locate or expand. The amount that the state may offer any project is dependent upon a number of factors including the tier ranking of the county where a project is considering locating, the number of net new jobs proposed, the wages of those jobs and the proposed capital investment.
Infrastructure financing programs, including bonds, grants and loans, provide important resources necessary for some projects. North Carolina also offers funds to construct access roads and railroad access tracks required by a new or expanding industry.
A number of important discretionary incentive programs, including the One North Carolina Fund and Job Development Investment Grants, are also available to high-impact new and expanding businesses.
For more information about North Carolina’s targeted, performance-based incentives programs, contact the North Carolina Department of Commerce at 919-733-4977 or visit www.thrivenc.com.
Duplin County businesses enjoy a favorable mix of county and state tax advantages:
- Inventory tax: None
- Intangibles tax: None
- Sales tax on raw materials: None
- County income tax: None
- Low property taxes – 7.3% (calculated as 0.73 cents per $100 assessed value)
Duplin County Incentives and Financing
Duplin County is an excellent place to do business in North Carolina. Companies considering Duplin County for location or expansion may qualify for incentives and grant assistance. Incentives are based on the number of jobs created and the amount of taxable investment generated. Typical local incentives are property tax driven but we can be creative and provide assistance with other programs such as the following:
- Duplin County Revolving Loan Fund
- Small Business Administration
- Self-Help Credit Union
For more detailed information, please call our office directly at 910-296-2180.