Greene County Local Incentives
Greene County works closely with state, federal, local governments and other agencies to develop financial packages for industries and businesses that are expanding or relocating to the area. Local performance based incentives are evaluated on a case by case basis and are determined by the level of capital investment and job creation. These local programs are in addition to significant state job and investment tax credits and training programs.
North Carolina Incentives
The One NC Fund, Industrial Development Fund, Industrial Revenue Bonds, Community Development Block Grants, and Job Development Investment Grants are all available to qualifying companies who create jobs and investment in Greene County.

There are also a number of tax credits available through the Article 3J tax credits program effective January 1, 2007 for new and existing businesses.  Eligible companies have to meet NAIC Code, wage rate, and other criteria to obtain the tax credits. This program provides tax credits that may be taken against a portion of state income or franchise taxes. These credits for job creation and investment are available in all 100 counties and based upon a county's level of economic distress.

Greene County is designated as a Tier 1 County by the State of North Carolina.

Article 3J Credits

Credit for Creating Jobs
Eligible companies locating in Tier 1 Counties receive a tax credit of $12,500 per new job created if they meet the threshold of hiring at least five new full-time employees. These credits can be claimed against up to 50% of the company's annual state corporate or franchise tax burden taken in equal installments over four years following the year the jobs are created. Credits may not exceed 50% of a company's annual tax liability. Unused credits can be carried forward for five years.
Credit For Investing in Business Property 
Eligible companies locating in Tier 1 Counties receive a 7% tax credit for capitalized tangible personal property put in service during the taxable year and is taken in equal installments over four years. This credit can be taken against up to 50% of the company's annual state corporate or franchise tax burden.
Credit For Investing in Real Property
Eligible companies locating in Tier 1 Counties that invest at leat $10 million and create at least 200 new full-time jobs withing two years are eligible to receive a credit of up to 30% of the value of the eligible real property invested. This credit is taken in equal installments for seven years from the date the property is used as an eligible business and is taken against up to 50% of the company's annual state corporate or franchise tax burden.

In addition to tax credits, the state offers a wide range of training assistance through Lenoir Community College at the Greene County campus. Please not the incentives presented in this correspondence are performance based and will increase or decrease in direct proportion with jobs, wage and/or actual investment. The NC Department of Commerce is not authorized to offer definitive tax commitments; only the NC Department of Revenue may do this through advisory rulings.

New & Expanding Industries Training Program
The N.C. Community College System's New and Expanding Industry Training Program (NEIT) provides prospective business with customized training. The service is available to those firms creating jobs in the state. NEIT pays for instructor's wages and travel expenses (even if the trainer is a company employee), as well as classroom materials and suitable training faculties.