Local and State Incentives
Come to Randolph County and invest in community invested in you.
We're looking for passionate and innovative businesses. People inspired to engage in our community. Neighbors and partners who want to invest in Randolph County as much as we invest in you. The RCEDC team works every day to cultivate the business-friendly culture Randolph County is known for and to ensure that individuals and businesses have the resources and support they need to live out their vision for success.
Local Incentives
Businesses that locate or expand an industrial or office enterprise in Randolph County may qualify for local incentives in addition to those offered by the State of North Carolina. Incentives are performance based and require capital investment and creation of quality jobs (provide health insurance benefits and meet or exceed the county's private sector average wage of $37,865). The typical local incentives for qualifying companies is a cash grant equivalent to fifty percent of the companies anticipated property tax liability over a three to five year period. Final approval is subject to the governing authority.
Utility Infrastructure
Local governments work in partnership with state and private allies to improve and extend utility access to service the needs of companies that are locating or expanding in the county.
Transportation Access
Assistance may be provided to improve and extend road access to an eligible business that locates or expands in the county. Assistance may also be available to construct rail spur tracks to service new or expanding businesses.
State Incentives
State incentives often differ based on the county tier system, so it is important to note that Randolph County is a Tier 2 county. Follow this link for a comprehensive listing of incentives offered by the State of North Carolina.
Discretionary Grants
Job Development Investment Grant
The Job Development Investment Grant (JDIG) is a performance-based, discretionary incentive program that provides cash grants directly to new and expanding companies to help offset the cost of locating or expanding a facility in the state. Read More
Job Development Investment Grant - Transformative Project
To qualify as a transformative project under the JDIG program, the grantee (company) must create at least 3,000 jobs and invest at least $1 billion within the base period, which can now be up to ten years. Read More
One North Carolina Fund
The One North Carolina Fund (OneNC) is a discretionary cash-grant program that allows the Governor to respond quickly to competitive job-creation projects. Read More
Tax Exemptions
Manufacturing
North Carolina offers sales and use tax exemptions for manufacturing machinery and equipment; electricity, fuel and natural gas for manufacturing facilities, raw material for manufacturing, and inventories. Read More
Large Fulfillment Facility
Sales of equipment, or an accessory, an attachment, or a repair part for equipment that is sold to a large fulfillment facility is exempt from sales and use tax. Read More
Pollution Abatement Equipment & Recycling
The state offers property tax exclusions on pollution control and abatement equipment and recycling. It also offers a sales and use exemption for pollution control and abatement equipment. Read More
Historic Preservation Tax Credit
A state tax credit for rehabilitation of income-producing certified historic structures is awarded to rehabilitations that qualify for the federal tax credit. Read More
Public Infrastructure
Community Development Block Grants, Economic Development Program
Administered by the NC Department of Commerce, the CDBG ED program provides grants to local governments for public infrastructure development. Read More
Utility Account
North Carolina’s Utility Account provides infrastructure grants to local governments in Tier 1 and Tier 2 counties. Read More
Rural Division, Economic Infrastructure Program
The Economic Infrastructure Program is administered by the Rural Division of the N C Department of Commerce and provides grants to local governments to assist with public infrastructure projects that will lead to the creation of new, full-time jobs. Read More
Building Reuse
Community Development Block Grant, Building Reuse Program
The Community Development Block Grant, Building Reuse Program (CDBG Building Reuse) is administered by the N C Department of Commerce; it provides funds to renovate and upfit vacant industrial and commercial buildings for economic development purposes. Read More
Rural Division Building Reuse Grant
The Building Reuse Program provides grants to local governments for two purposes: the renovation of vacant buildings and the renovation or expansion of a building occupied by an existing North Carolina company wishing to expand in its current location. Read More
Transportation
N.C. Departments of Commerce and Transportation, Joint Economic Development Program
The N C Department of Transportation (NCDOT) works closely with the N C Department of Commerce to provide transportation improvements and infrastructure that will expedite industrial/commercial growth and provide new jobs or retain existing ones. Read More
North Carolina Department of Transportation Rail Industrial Access Program
The N C Department of Transportation’s (NCDOT) Rail Industrial Access Program uses state funds to help construct or refurbish railroad spur tracks required by a new or expanding company. Read More
North Carolina Railroad Company, NCRR Invests
The North Carolina Railroad Company NCRR Invests program provides assistance to companies that take advantage of the state’s freight rail opportunities and create jobs by locating or expanding their company in North Carolina. Read More
Workforce Development and Training
North Carolina Community College Customized Training Program
Attracting and training a skilled and motivated workforce is crucial to any new or expanding company. No state has more experience helping companies with these important issues than North Carolina. The state pioneered free, customized job training for new and expanding businesses in 1958 and continues to provide the nation's most recognized customized job training service. Read More
NCWorks Career Center
Randolph County's NCWorks Career Center is centrally located in Asheboro to meet the needs of businesses and job seekers across the county with services including job opening postings; job applicant screening; qualified candidate referrals; space for applicants interviews; job fair arrangement; etc.
The Career Center also provides referrals to partner agencies that administer programs such as on-the-job (OJT) training grants and the Incumbent Worker Training Grant, both of which reimbursement employers for costs related to employee training.
For a full description of North Carolina's Workforce Training and Development Services, click here.