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 1 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

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

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.