Economic Incentives & Tax Credits

High impact incentives for small businesses in North Carolina

Perennially ranked as one of the top states for business with the lowest corporate tax rate in the US at 2.5%, North Carolina offers a full slate of business incentives and tax exemptions. From manufacturing to workforce training and film to redevelopment, North Carolina has the incentives businesses need to start strong and stay strong. Every year, North Carolina's 100 counties receive a tier designation from the NC Department of Commerce that is based on various indicators of economic well-being. The tier system is incorporated into many of the NC Department of Commerce's incentive programs to encourage economic activity in economically distressed areas of the state. The tier rankings range from Tier 1 (most distressed) to Tier 3 (least distressed). Beyond the state incentives, many counties can provide investment and job incentive grants to further lower the cost burden for new businesses.

Small Business Focus

North Carolina Customized Training Program

Sponsored by the state's 58-campus community colleges, the Customized Training Program can support any full-time production, technology support or direct customer service positions created in North Carolina.

Incumbent Worker Training Program

The Incumbent Worker Training Grant reimburses companies for the cost of training their workers, helping to improve the skills of employees and the company's competitiveness.

Economic Development Partnership of North Carolina

Job Development Investment Grants

The Job Development Investment Grant (JDIG) is a performance-based, discretionary incentive program that provides cash grants directly to a company, when the company creates jobs and invests in the state.

North Carolina On-the-Job Training Program

Through OJT, a wage reimbursement incentive may be provided to a business to help offset the cost of training a new employee with limited skills.

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.

One North Carolina Small Business Program

The One North Carolina Small Business Program helps small businesses develop and commercialize innovative technologies to benefit the general population.

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Get the Tax Money You're Owed in Minutes

Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.

Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.

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