- Home
- Departments
- Economic Development
- Business Resources
- Incentives
- Town of Fuquay-Varina Incentives
Town of Fuquay-Varina Incentives
The Town's Incentive Policy Guidelines & Application has been created to encourage the following types of development within Fuquay-Varina:
|
|
Eligible Projects |
Minimum Capital Investment |
Town Participation |
Use of Funds |
|
Suppliers of BIG4, Advanced Manufacturing, R/D, Warehouse/Distribution, Defense Manufactures |
|
|
|
Construction; on/off site infrastructure improvements |
|
Expansion and rehabilitation of existing Fuquay-Varina manufacturing facilities |
|
|
|
Construction; utility; infrastructure; acquisition of machinery & equipment |
|
High-end commercial and retail development with significant capital investment and tax base impact |
|
$50 million
|
|
Utilities; road improvements; easements; ROW’s |
|
New building construction located in DC-1/DC-2 that results in a minimum 50% increase in tax assessment |
|
|
*Grant up to 100% equal to assessed property tax over 5 - 10 year period |
Construction; utility; road improvements |
|
Rehabilitation of an existing building/site located in DC-1 & DC-2 that results in a minimum 50% increase in tax assessment |
|
|
*Grant up to 100% equal to assessed property tax over 5 – 10 period |
Demolition; construction; utility; road improvements |
The consideration and size of any Town grant assistance will be based on a number of factors including the location and size of the site, the amount of capital investment in the project, and the number of new jobs created.