- Project must involve a facility used for manufacturing, wholesaling, transportation, warehousing, information services, data processing.
Other competitive projects may be considered.
- Capital investment for a new project of at least $1,000,000 or capital investment for expansion of an existing business of at least $300,000.
- Creation or retention of quality jobs paying at least 100% of the average wage in Beaufort County.
Use of Grant Funds
Funds can be used for any purpose under NCGS 158-7.1, including, but not limited to, site acquisition, site preparation, internal and external infrastructure, site improvements, job training or other purposes which increase value to the community. It is in the complete discretion of the governing bodies whether to make any economic investment grant.