Wake County Incentives

Wake County’s Business Development Grant offers a series of five tiers with investment and job thresholds. Special consideration may be provided for corporate, regional, or Fortune 500 companies’ divisional headquarters projects and large international companies.

Highlights of the Grant include:

  • Wake County will provide a local match for projects receiving state incentives.
  • A company may be eligible for a Business Investment Grant if they meet both an investment threshold and new jobs threshold. 
  • New or existing companies may be eligible for a Business Development Grant when the state incentives require local government participation.
  • Thresholds for the state matching tier are at least $5 million on new taxable investment and 25 jobs with an average of at least 100% of the county average wage.
BUSINESS DEVELOPMENT GRANT INVESTMENT & JOB CREATION THRESHOLDS 
  Investment Minimum Jobs Minimum  Avg. Salary Minimum Incentive Percentage Max Years
Tier 1  $50 million 250 200% 50% new tax growth 8 years
Tier 2 $100 million 50 120% 50% new tax growth 8 years
Tier 3 $75 million 50 120% 42.5% new tax growth 5 years
Tier 4 $50 million 50 120% 35% new tax growth 5 years
Tier 5 $25 million 50 120% 30% new tax growth 5 years
  Investment Minimum Jobs Minimum Avg. Salary Minimum Incentive Percentage Max Years
State Match $5 million 25 100% 35% new tax growth 5 years
Wake County ED