Finance

Henderson County Incentive Guidelines
Used by the Henderson County Board of Commissioners in evaluating requests received for economic development incentives.  The guidelines are meant to generally guide the process of determining which requests fit within the mission of Henderson County Government.  Award of economic development incentives will be at the sole discretion of the Henderson County Board of Commissioners.
http://www.hendersoncountync.org/board/EconDev.html

Tax Credits
The William S. Lee Quality Jobs and Expansion Act rewards eligible companies expanding or relocating in North Carolina that hire within the North Carolina workforce to fill positions. NC Dept. of Commerce, Finance Division.
www.nccommerce.com/finance/incentives/tax

Community Development Block Grant
For businesses that will create new jobs. NC Dept. of Commerce,
Finance Division.
www.nccommerce.com/finance/incentives/cdbg

Industrial Revenue Bonds
Assist new and expanding industry while insuring that North Carolinians get good jobs at good wages. Applying industry must work through the county, a bank and the NC Dept. of Commerce.
NC Dept. of Commerce, Finance Division.
www.nccommerce.com/finance/incentives/irb

Composite Bond Program (IRB)
The NC-DOC Composite Bond Program looks to build on the already advantageous aspects of the issurance of IRBs.  The program looks to bring together a group of borrowers and issue several series of bonds at one time to acheive economies of scale and reduce the issuance costs of the Bonds for each individual borrow.  Ideally this program is for new or expanding industries with expected capital needs of up to $2,000,000 over the next three years.

Business Energy Loans
Provided by Energy Division for energy-related capital improvement, such as cogeneration, boiler improvements and low energy use lighting. NC Dept. of Commerce, Finance and Energy Divisions.
www.nccommerce.com/finance/incentives/energy

Rural Business Enterprise Grants
Facilitate development of small and emerging business enterprises in rural areas. USDA Rural Development: Rural Business-Cooperative Service.

Business and Industrial (B&I) Guaranteed Loan Program
For working capital, machinery and equipment, buildings and real estate, debt refinancing. USDA Rural Development: Rural Business-Cooperative Service.

Intermediary Relending Loan Program
Direct loans at 1% interest to establish revolving loan funds for businesses and community development projects in rural areas.
USDA Rural Development: Rural Business-Cooperative Service.
http://www.rurdev.usda.gov/

Certified Development Company (504 Loan) Program
Makes long term loans available for purchasing land, buildings, machinery and equipment, and for building, modernizing or renovating existing facilities and sites.
US Small Business Administration.

7(a) Loan Guaranty Program
General financing as well as more specialized loan programs, such as international trade, pollution control, minority borrowers, veterans program. US Small Business Administration.

Microloan Program
Works through intermediaries to provide small loans to businesses. US Small Business Administration.
http://www.sbaonline.sba.gov/

Innovation Research Fund
Provides financing for research and development activities of small businesses. NC Technical Development Authority.
http://www.nctda.org/

Self Help
Provides loan capital to underserved markets and industry segments (minority, low income, rural families and entrepreneurs).
http://www.self-help.org/

Small Business Innovation Research (SBIR) Matching Fund Program and Economic Development and Finance Program
Promotes the initiation and expansion of commercial applications of biotechnology and related biosciences in North Carolina.

North Carolina Biotechnology Center
http://www.ncbiotech.org/