ENTERPRISE ZONE |
Brunswick County |
 Local Assistance/Coordination with Local Banking |
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| Lake Country Development Corporation will introduce new industries to the various local banks, schedule initial appointments, and coordinate any other activities needed to ensure a smooth transition. | |
| Benefit: | Assistance & coordination with local financial institutions |
| Application Limits: | Prospects for enterprise zone industrial parks only |
| Provider: | Lake Country Development Corporation |
| Waiver of Building Permit Fees |
| Lake Country Development Corporation will introduce new industries to the various local banks, schedule initial appointments, and coordinate any other activities needed to ensure a smooth transition. |
| Waiver of Building Permit fees for | Minimum requirements | How issued |
| Building renovation & rehabilitation | Applicant must expend > 10% of current assessed value of existing improved property | Rebate given upon issuance of Certificate of Occupancy |
| New business construction | Investment of > $75,000 in real property improvements | Rebate given upon issuance of Certificate of Occupancy |
| Newly constructed residential property | Investment of > $75,000 in real property improvements | Rebate given upon issuance of Certificate of Occupancy |
| Site Purchase Discount |
| For CASH purchases of land located within the industrial park, the applicant will receive a discount on the Fair Market Value (FMV) of the land. |
| Industrial Real Estate Discount |
| Benefit: | Discount of 50% off the listed price of the property |
| Application Limits: | Minimum $300,000 investment Creation of minimum of 10 full time jobs Applicant must locate in industrial park |
| Available: | Life of Zone |
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