The Town of Fuquay-Varina Elected Officials have implemented strategic plans and policies to encourage growth by partnering with the development community. Fuquay-Varina continues to make investments in education, infrastructure and technology that provide stable fiscal policy through a mandated balanced budget and low tax rates.
Low Business Costs
Fuquay-Varina’s cost of doing business is one of the lowest among major municipalities in Wake County. The town can proudly boast about its low impact/developer fees associated with residential and commercial development. Construction costs, electric rates, overall taxes and our cost of living are all below the national average as well.
Workforce Development & Talent
More than 60,000 people move to the Triangle Region each year. They’re drawn by the depth of economic opportunity, the strength of our universities and the region’s quality of life. Wake Tech Community College offers free customized training programs to new and expanding companies that has been recognized as the nation’s most sophisticated job-training program.
Knowledgeable Service Providers
Utilities, suppliers and professional service providers offer extensive knowledge about the core clusters and specialized products needed to services to support them.
Targeted Tax Incentive Programs
North Carolina’s Department of Commerce, Wake County Economic Development and the Town of Fuquay-Varina offer discretionary development incentives to compete for new companies. Tax credits for job creation, investment and research and development are available for many different types of manufacturing projects.