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Local companies may qualify for incentives, too

November 21st, 2007 · No Comments

When people in North Carolina hear about an economic-development incentive, it’s usually in connection with attracting a new business.

However, existing industries may qualify for incentives, too. Ron Leitch, an economic development representative for the N.C. Department of Commerce says a qualifying company may earn $12,500 for each job and 7 percent of all investment involved in job creation.

Leitch said the state also can tap into two grant funds to keep companies from going to another state.

The key to qualifying for the grants and other incentive programs is job retention, Leitch emphasizes.

For more information, contact the Surry County Economic Development Partnership in Dobson or the N.C. Department of Commerce.

Tags: Businesses · Economic development

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