ENTERPRISE ZONE |
Mecklenburg County |
 Local Assistance/Coordination with Local Banking |
| 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. |
| Benefits: | Assistance & coordination with local financial institutes |
| Application Limits: | Prospects for enterprise zone industrial parks only |
| Provider: | Lake Country Development Corporation |
| Economic Stimulus Grant - County of Mecklenburg |
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| To qualify new businesses must create a minimum of 50 full-time jobs. Recipients of the Economic Stimulus Grant are ineligible to receive Job Grants |
| A four year stimulus grant based on machinery/tools tax payments | |
| Year | Amount |
| 1 | 100% |
| 2 | 75% |
| 3 | 50% |
| 4 | 25% |
| Job Grants |
| Payment amount | $400 per job |
| Limitations on Application | Industries creating 15 to 50 full time jobs within 30 months One-time payment made when LEZA is satisfied with certainty of the jobs creation |
| Source of Funding | Mecklenburg Co. Office of Economic Development |
| Waiver of Building Permit Fees |
| Businesses locating in the zone will have building permit fees waived |
| Minimum job creation: | 10 full time jobs as defined by the Commonwealth of Virginia. |
| Industrial Real Estate Discount |
| To qualify for Industrial Real Estate Discount of 50% off the listed price of the property, new businesses locating within Interstate Industrial Park must have at least a $10 million private investment and create a minimum of 100 full-time jobs as defined by the Commonwealth of Virginia. |
| Benefits: | Discount of 50% off the listed price of the property |
| Application Limits: | $ 10 million private investment Creation of minimum of 100 full time jobs |
| Fund Source: | Mecklenburg IDA |
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