Site Meter
Home » Site Seekers Guide » North Carolina Economic Development Directory

North Carolina Economic Development Directory

NC Statewide Economic Development Agencies

Carolina Center for Competitive Economics
Brent Lane
Executive Director
The Kenan Center, CB# 3440
Chapel Hill, NC USA 27599-3400
North Carolina Department of Commerce
Tiffany McNeill
Client Services Manager
301 North Wilmington Street, 4310 Mail Service Center
Raleigh, NC USA 27699-4310
North Carolina Economic Developers Association
John Peterson
Executive Director
1201 Edwards Mill Road, First Floor
Raleigh, NC USA 27607
North Carolina State Ports Authority
Jimmy Yokeley
Director, Community Economic Development (Exec. Dept.)
P.O. Box 9002
Wilmington, NC USA 28402-9002

NC Utilities

Duke Energy Carolinas
Clark Gillespy
Vice President, Economic Development, Business Development & Territorial Strategies
526 South Church Street
Charlotte, NC USA 28202
Duke Energy is the power behind one of the nation’s fastest growing markets. Our electrical rates are well below the national average and our reliability is well above.
ElectriCities of North Carolina, Inc.
Brenda Daniels
Manager, Economic Development
1427 Meadow Wood Boulevard
Raleigh, NC USA 27604
800-768-7697 6363
ElectriCities of North Carolina is an association of 70+ municipal power providers. Log on to our comprehensive Web site to find available buildings, land and demographic information in NC.
North Carolina’s Electric Cooperatives
Eddie Miller
Vice President, Member Services & Community Development
3400 Sumner Boulevard
Raleigh, NC USA 27616
North Carolina’s Electric Cooperatives deliver reliable power to 93 of the state’s 100 counties. We have a variety of buildings and sites available for inspection. For complete information visit our website.
Progress Energy
Katherine Thomas
Director, Economic Development
410 South Wilmington Street, PEB 1505
Raleigh, NC USA 27601
Would you like to advertise here? call 732-559-1265 or email Jim Semple at

NC Regional Economic Development Agencies

AdvantageWest Economic Development Group
Scott T. Hamilton
President & CEO
134 Wright Brothers Way
Fletcher, NC USA 28732
Centralina Council of Governments
Mike Manis
Community & Economic Development Director
525 North Tryon Street, 12th Floor
Charlotte, NC USA 28202
Charlotte Regional Partnership
Ronnie Bryant, CEcD, FM, HLM
President & CEO
550 South Caldwell Street
Charlotte, NC USA 28202
Lake Norman Regional Economic Development Corp.
Jerry W. Broadway
Executive Director
13801 Reese Boulevard West, Suite 200-A
Huntersville, NC USA 28078
North Carolina’s Southeast
Paul G. Butler
P.O. Box 2556, 707 West Broad Street
Elizabethtown, NC USA 28337-2556
Piedmont Triad Partnership
Kelly Stuart
VP, Client Development
416 Gallimore Dairy Road, Suite M
Greensboro, NC USA 27409
Research Triangle Foundation of NC
Rick L. Weddle, FM
President & CEO
P.O. Box 12255, 12 Davis Drive
Research Triangle Park, NC USA 27709
Research Triangle Regional Partnership
Charles A. Hayes, CEcD
President & CEO
P.O. Box 80756
RDU International Airport, NC USA 27623-0756
919-840-7372 12
Salisbury-Rowan Economic Development Commission
Robet Van Geons
Executive Director
204 East Innes Street
Salisbury, NC USA 28144
Would you like to advertise here? call 732-559-1265 or email Jim Semple at

NC County Economic Development Agencies

Duplin County Economic Development Commission
Heather Beard
Executive Director
260 Airport Road
Kenansville, NC USA 28349
Fayetteville-Cumberland County Chamber of Commerce
Bo Gregory
Economic Development Director
1019 Hay Street
Fayetteville, NC USA 28305
910-484-4242 246
Fayetteville-Cumberland County is strategically located adjacent to I-95 and Fort Bragg. Its strong economy, skilled workforce and high quality of life make it well suited for business relocation and expansion.
Harnett County Economic Development Commission
Phyllis Owens, CEcD
P.O. Box 1270
Lillington, NC USA 27546
Harnett County, NC is ideally located between Research Triangle Park and the best of the best in Fort Bragg. We’re ready for you here, where proximity and preparation equals opportunity.
Lee County Economic Development Corporation
Robert P. Heuts
P.O. Box 1968
Sanford, NC USA 27330
Based in the world-renowned Research Triangle Region, Lee County Economic Development offers comprehensive data, incentive packages and building and site listings for a location where top international companies thrive.
Asheville Area Chamber of Commerce
Ray Denny
Vice President, Economic Development
36 Montford Avenue
Asheville, NC USA 28801
Beaufort County Economic Development Commission
Tom Thompson
705 Page Road
Washington, NC USA 27889
Burke Economic Development Council
Wayne Harris
P.O. Box 1702
Morganton, NC USA 28680
Carteret County Economic Development Council
Myles Stempin
Executive Director
3615 Arendell Street
Morehead City, NC USA 28557
Catawba County EDC
Scott Millar
1960-B 13th Avenue Drive SE
Hickory, NC USA 28602
Cleveland County Chamber
Kristin Fletcher
Executive VP, Economic Development
200 South Lafayette Street
Shelby, NC USA 28150
704-487-8521 106
Economic Development Commission of Caldwell County
Alan D. Wood
Senior Development Manager
P.O. Box 2888
Lenoir, NC USA 28645
Gaston County EDC
Donny Hicks, CEcD
Executive Director
P.O. Box 2339
Gastonia, NC USA 28053-2339
Greater Raleigh Chamber of Commerce
Ken Atkins
Senior Vice President, Executive Director of Economic Development
800 South Salisbury Street
Raleigh, NC USA 27601
Haywood County Economic Development Commission
Mark B. Clasby
Executive Director
144 Industrial Park Drive
Waynesville, NC USA 28786
Lincoln Economic Development Association
Barry I. Matherly, CEcD
Executive Director
502 East Main Street
Lincolnton, NC USA 28092
Orange County Economic Development Commission
Brad Broadwell
131 West Margaret Lane, Suite 300
Hillsborough, NC USA 27278
Person County Economic Development Commission
Glen Newsome
Executive Director
P.O. Box 1581
Roxboro, NC USA 27573
Rutherford County Economic Development Commission
Thomas L. Johnson, CEcD, HLM
Executive Director
142 East Main Street, Suite 100
Forest City, NC USA 28043
Stokes County Economic Development Commission
Alan Wood
1014 Main Street
Danbury, NC 27016
Surry County Economic Development Partnership, Inc.
Todd Tucker
P.O. Box 1282
Dobson, NC USA 27017
Union County Partnership for Progress
Maurice Ewing, CEcD
President & CEO
903 Skyway Drive, P.O. Box 292
Monroe, NC USA 28111-0292
Wake County Economic Development
Tanya Blalock
Program Assistant
P.O. Box 2978
Raleigh, NC USA 27602-2978
Wilkes County Economic Development Corporation
Jeff Garstka, CEcD
717 Main Street, P.O. Box 727
North Wilkesboro, NC USA 28659

NC City Economic Development Agencies

Winston-Salem Business Inc.
Robert Leak, Jr.
1080 West 4th Street
Winston-Salem, NC USA 27101
Located in Forsyth County in the Piedmont Triad region of North Carolina, Winston-Salem is well suited for business relocation and expansion. Winston-Salem offers a diverse demographic make-up, strong labor force, competitive tax rates and an excellent school system.
Carolinas Gateway Partnership
John Gessaman
President & CEO
427 Falls Road
Rocky Mount, NC USA 27804
Cary Economic Development
Sanford R. Jordan
Vice President
307 North Academy Street
Cary, NC USA 27513
Charlotte Chamber of Commerce
Jeffrey L. Edge, CEcD
Senior Vice President, Economic Development
330 South Tryon Street, Suite 200
Charlotte, NC USA 28202
City of Charlotte Economic Development Office
Thomas M. Flynn, CEcD
600 East Fourth Street, Suite 138
Charlotte, NC USA 28202
Durham Office of Economic & Workforce Development
Alan H. DeLisle
Assistant City Manager
302 East Pettigrew Street, Suite 190
Durham, NC USA 27701
Greater Statesville Development Corporation
C. Michael Smith
Executive Director
115 East Front Street
Statesville, NC USA 28677-5850
Greensboro Economic Development Alliance
Dan Lynch
342 North Elm Street
Greensboro, NC USA 27401
Monroe Economic Development
R. Christopher Plate
Executive Director of Economic Development & Aviation
3900 Paul J. Helms Drive, P.O. Box 69
Monroe, NC USA 28110
Mooresville South Iredell Economic Development Corp.
Russell N. Rogerson
Executive Director
151 East Ardell Avenue
Mooresville, NC USA 28115-0628
Town of Holly Springs
Jenny Mizelle, CEcD
Economic Development Director
P.O. Box 8
Holly Springs, NC USA 27540

North Carolina State Incentives

ARTICLE 3J TAX CREDITS: North Carolina offers several types of tax credits to eligible taxpayers that undertake qualifying initiatives. One class of these credits, the Article 3J Tax Credits, may be used to offset up to 50 percent of the taxpayer’s state income and/or franchise tax liability, and unused credits may be carried forward for up to five years. Article 3J offers credits for:

  • Creating jobs – Companies who meet a minimum threshold of new fulltime jobs created during the taxable year may claim a credit.
  • Investing in business property – Companies can claim a credit based on a percentage of the cost of capitalized tangible personal property that is placed in service during the taxable year.
  • Investment in real property – Companies located in a Tier 1 County (see below) that invest at least $10 million in real property within a three-year period and create at least 200 new jobs within two years are allowed a credit equal to 30 percent of the eligible investment.


  • Modifies the criteria applicable to companies that take the Article 3A tax credits to allow a company, otherwise required to maintain 200 employees, to take remaining credit installments if employment is above 125 and if the taxpayer makes an investment equal to $5,000,000 or greater than twice the amount of the remaining installments at the facility within two years of the employment level falling below 200.
  • Establishment of port enhancement zones within 25 miles from a port allowing an Article 3J credit under certain conditions beginning 7/1/2013. The North Carolina Department of Commerce will publish a list of all PEZ and boundary descriptions annually.

TAX CHANGE FOR SMALL AND START-UP BUSINESS: This applies to calculating the North Carolina taxable income. A taxpayer may now deduct the first $50,000 of net business income the taxpayer receives during the taxable year.

RENEWABLE ENERGY TAX CREDITS: North Carolina’s various renewable-energy tax credits are unified into a statute that addresses nearly all renewables. The statute provides tax credits eligible for the cost of equipment and associated design; construction costs; and installation costs by a taxpayer and placed into service in North Carolina during the taxable year. The credit is subject to various ceilings depending on sector and the type of renewable-energy system. The following credit limits for various technologies and sectors apply:

  • A maximum of $3,500 for non-business solar energy equipment for active space heating, combined active space and domestic water-heating systems, and passive space heating;
  • A maximum of $1,400 for non-business solar water-heating systems, including solar pool-heating systems;
  • A maximum of $10,500 for renewable-energy systems for non-business use;
  • A maximum of $8,400 for geothermal equipment installation;
  • A maximum of $2,500,000 for solar, wind, hydro, geothermal and biomass applications on commercial and industrial facilities, including photovoltaic (PV), daylighting, solar water-heating and space-heating technologies.

INTERACTIVE DIGITAL MEDIA TAX CREDIT: North Carolina taxpayers that develop Interactive Digital Media (IDM) within the state are allowed a tax credit. Credits are awarded for taxpayer’s expenses that exceed $50,000 that are paid during the taxable year in development phases, and may not exceed $7.5 million.

NORTH CAROLINA PORTS TAX CREDITS: Provide tax credits toward income taxes paid by businesses or individuals using NC Ports facilities at Morehead City and Wilmington. Businesses who pay NC state income tax and use NC ports can qualify for tax credits on both inbound and outbound cargo. The credit is earned on cargo wharfage and handling fees paid to the N.C. State Ports Authority which exceed the average for over three tax years. The credit applies to taxes due to the state—up to 50 percent of the total tax liability for each tax year. Any unused credit may be carried forwarded up to five years for a total credit of up to $2 million.

TECHNOLOGY DEVELOPMENT TAX CREDIT: Businesses with qualified NC research expenses are allowed a tax credit equal to a percentage of those expenses. The allowable credits are determined by:

  • Small Business status (annual receipts less than $1 million): Qualified businesses on the last day of the taxable year are allowed a credit of 3.25 percent.
  • County Tier: Certain tax programs in NC are indexed to a county ranking system. For expenses for research performed in a Tier 1 county, a business is permitted a credit of 3.25 percent.
  • Other research

JOB DEVELOPMENT INVESTMENT GRANTS (JDIG): Awards a limited number of cash grants directly to new and expanding businesses that will provide economic benefits to the State, and need the grant to carry out the project in North Carolina. Grants are based on the job creation and investment commitment made by companies in their formal applications to the State prior to a location decision. Grant funds are disbursed annually to approved companies based on a percentage of withholding taxes paid by new employees, following satisfaction of performance criteria set out in grant agreements.

ONE NORTH CAROLINA FUND: Helps recruit and expand quality jobs in high value-added, knowledge-driven industries and provides financial assistance to those businesses or industries deemed vital to a healthy economy that are making significant efforts to expand in North Carolina. Companies can receive money for:

  • Installation or purchase of equipment.
  • Structural repairs, improvements, or renovations of existing buildings to be used for expansion.
  • Construction of, or improvements to, new or existing water, sewer, gas or electric utility distribution lines, or equipment for existing buildings.

SITE AND INFRASTRUCTURE GRANT FUND: Provides assistance for site development and infrastructure improvements for very high-impact projects.

JOB MAINTENANCE AND CAPITAL DEVELOPMENT FUND: Provides a limited number of grants to businesses located in Development Tier 1 counties, where the business has at least (i) 2,000 employees, and invests at least $200 million in capital improvements, or (ii) 320 employees, and invests at least $65 million in capital improvements to convert its manufacturing process to change the product it manufactures.

SALES AND USE TAX DISCOUNTS, EXEMPTIONS AND REFUNDS: Offers reduced rate allowances on certain parts, accessories and construction supplies for eligible industries and manufacturing processes.

INDUSTRIAL REVENUE BOND PROGRAM: Assist private business development and expansion by issuing low-interest tax-exempt bonds. It offers qualified manufacturing facilities and certain solid waste disposal facilities convenient, long-term, flexible financing. The Industrial Facilities and Pollution Control Financing Authority of each county issues these bonds in the county where the project is located.

IRBs can be either tax-exempt or taxable and can be used to finance an entire project, including the cost of land, construction of new or expanded facilities, acquisition and installation of depreciable property such as equipment, and construction period interest.

INDUSTRIAL ROAD ACCESS PROGRAM: Administered by North Carolina’s Department of Transportation (DOT), this program provides funds for the construction of roads to provide access to new or expanded industrial facilities. An access review committee comprised of representatives of the Department of Transportation performs a technical review of a requested project and makes recommendations about traffic and safety concerns and approval is based upon the resulting economic benefits of the project including the number of new jobs created, the amount of capital investment, highway’s use and the area’s economic conditions.

INDUSTRIAL RAIL ACCESS SYSTEM: Administered by the North Carolina DOT for businesses that want to locate or expand their facilities in NC. This program ensures that industries have the tracks needed to transport freight and materials and also assists in refurbishing tracks.

Grant funding is contingent upon approval prior to the company making a decision to locate or expand in North Carolina and a private and/or local source match of funds. Approval is also based upon the economic benefits of the project including the number of new jobs created, the amount of capital investment, rail use and the area’s economic conditions.

FOREIGN TRADE ZONES (FTZ): Neutral, secured areas legally outside of the U.S. customs territory that offer economic advantages for businesses involved in international trade. There are six FTZs in North Carolina; several subzones are also approved for use by individual manufacturers.


About The Author

BF Staff

Number of Entries : 1657

© 2015 Business Facilities Magazine | Group C Media, Inc. | Privacy Policy | Terms Of Use