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Financial Incentives

Year after year, North Carolina is recognized as having the #1 business climate in the nation by offering companies distinct business advantages to support their continued success.

Energy-saving discounts

Duke Energy offers a variety of rates for business and industry. We have small, medium and large general service schedules including time-of-use choices. Additionally, a number of economic development riders are available for qualifying customers to reduce costs even further.

We also help businesses manage their energy bills by offering incentives for energy-efficiency improvements that include new construction or retrofit projects. Learn more about our Energy Efficiency for Business program

State tax credits

  • Article 3J Tax Credits – qualifying businesses receive tax credits for job creation, investment in business property and in some cases investment in real property.
  • Research and Development Tax Credits – available for qualified North Carolina research expenses during a taxable year. 
  • N.C. Ports Tax Credits – credit toward income taxes paid by businesses or individuals using port facilities at Morehead City and Wilmington.
  • Renewable Energy Tax Credits – 35 percent tax credit of the cost of renewable energy property.

State incentive programs

  • Job Development Investment Grant – limited number of cash grants for new and expanding businesses providing economic benefits to the State, and need the grant to carry out the project in North Carolina.
  • One North Carolina Fund – grants for job creation and/or retention combined with local government matches.
  • Site and Infrastructure Grant Fund – assistance for site development and infrastructure improvements for very high-impact projects.
  • Job Maintenance and Capital Development Fund – limited number of grants for businesses with at least 2,000 employees in Development Tier 1 counties that invest at least $200 million in capital improvements.
  • Other cost savings programs are available for qualifying projects.

Source: N.C. Department of Commerce

For more information, contact us.

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