Mecklenburg County Incentives

Enterprise Zones
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.
   • Assistance & coordination with local financial institutions
   • Prospects for enterprise zone industrial parks only

Economic Stimulus Grant - A four year stimulus grant based on machinery/tools tax payments Years 1 - 100%, 2 - 75%, 3 - 50%, 4 - 25%
Effective Tax Rate: $0.53/$100
   • 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

Job Grants. Job Grants - $400 per job
   • 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

Waiver of Building Permit Fees - Businesses locating in the zone will have building permit fees waived.
   • Minimum Job Creation of 10 full time jobs as defined by the Commonwealth of Virginia.

Industrial Real Estate Discount - 50% off the listed price of the property.
   • $10 million private investment
   • Creation of minimum of 100 full time jobs as defined by the Commonwealth of Virginia

Non-Enterprise Zones - here.