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Grants & Incentives
There are several programs available to help growing businesses with expansion plans and new development. Caldwell County Economic Development Commission will assist businesses in identifying and applying for assistance. The following assistance programs are available for consideration depending upon the type of project proposed.
Economic Development Incentive Program (EDI Program)
The EDI Program represents a collaboration between county and municipal governments to provide incentives to encourage existing and new industrial and commercial expansion. The EDI Program involves a contractual agreement between the county and a new or existing business/industry (and appropriate city/town if the project is within a municipality's boundaries or subject to annexation within the timeframe of the agreement) that would allow for a financial incentive based upon actual value, schedule and payment of local property taxes for a period of up to five years. The county and appropriate city/town will require the business/industry to "pay in full" annually total property taxes due. If the business/industry has met specific criteria as outlined in a formal agreement, a portion of the property taxes paid by that business/industry to the county (and municipalities, if applicable) would be returned to the business/industry in the form of a local economic development incentive.
| The Project Qualifications Are As Follows: |
| New Business/Industry |
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Expanding Business/Industry |
Minimum value project
to qualify for consideration: |
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Minimum value project
to qualify for consideration: |
| Level I Incentive: |
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$1,000,000 or greater |
|
Level I Incentive: |
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$500,000 or greater |
| Level II Incentive: |
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$10,000,000 or greater |
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Level II Incentive: |
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$5,000,000 or greater |
| Level III Incentive: |
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$20,000,000 or greater |
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Level III Incentive: |
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$10,000,000 or greater |
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| Further information regarding the EDI Program may be obtained by contacting us. |
Caldwell County Water Line Incentive
Caldwell County has extended water lines in many areas throughout the county. If a business, industry or residential developer wishes to have water lines installed to an area served by the Caldwell County public utility system, Caldwell County will install the new waterlines at no charge to the developer, if the developer purchases the materials. Further information regarding the water line installation incentive may be obtained by contacting us.
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