Incentives

NORTH CAROLINA BUILDING REUSE PROGRAM
Vance County and the City of Henderson are TIER 1 communities.
The program for the renovation of vacant buildings is a loan through the local jurisdiction that is converted to a grant once the agreed upon employment is retained for two consecutive quarters.
Up to $12,500 per full-time employee. Maximum award of $500,000.
Company type must be representative of Priority Industry Table. Jobs must meet the county weekly wage standard & provide 50% of employer-paid health insurance.
Up to 10,000 per full-time employee. Maximum award of $500,000. Any type company is eligible. Jobs must meet county weekly wage standard & provide 50% of employer-paid health insurance.
Up to $5,000 per full-time employee. Maximum award of $250,000. Any type company is eligible. No wage standard is required & no employer-paid health insurance is required.
GOLDEN LEAF ECONOMIC CATALYST GRANTS PROGRAM
Golden LEAF will consider applications through the local governmental entity to assist in supporting permissible activities that lead to job creation in tobacco dependent or economically distressed areas.
VANCE COUNTY/CITY OF HENDERSON ECONOMIC DEVLOPMENT INCENTIVE GRANT:
These are on a case-by-case basis based on employment and investment criteria. There may be additional incentives offered by the City and County.

LOCAL FINANCIAL INCENTIVES:
Building Incentive Grant: An economic incentive to encourage new business development and entrepreneurship, while promoting rehabilitation in the downtown area and preserving the unique historic character of existing structures. Reimbursement is 10% of the up fit, interior improvements and fixtures cost up to $6,000. Restaurants (including Brew Pubs) can receive 15% of the total up fit costs up to $6,000.
Façade Incentive Grant: An economic incentive to promote rehabilitation in the downtown area while preserving the unique character of existing structures. Grant funds will be awarded as a percentage of the total project funds up to grant limit amounts ($2,500). A minimum investment of 50% of the awarded grant funds will be required from the participant.
Signage Incentive Grant: An economic incentive to encourage signage appropriate to the buildings and sites which they occupy. This includes Murals, New Signage, Updated Signage, and Restored Historic Signs. Grant money will be awarded as a percentage of the total project funds up to grant limit amounts ($1,500). A minimum investment or 75% of the awarded amount grant funds will be required from the participant.
City of Henderson Permitting Costs Grants: An economic incentive for the new downtown business owner. Can receive a grant for ALL of the City of Henderson permitting costs, water tap fee (up to a 1” tap) excluding fire protection and meter fee. Not to exceed $300.
Full-Time Employee(s) Grant: An economic incentive to provide a new downtown business $500/continuous full-time employee after the business has been open for 6 months. This would be a one-time grant not to exceed $2,000.
Low Interest Loan: A low interest loan is available to qualified individuals interested in opening a business or making improvements to an existing business. Funds available for up to 80% of project costs, not to exceed $25,000.

 

The Henderson Vance Downtown Development Commission sponsors several incentives and grants for business locating in the downtown area of Henderson, as well.

FACADE INCENTIVE GRANT

Purpose:

To provide an economic incentive to promote rehabilitation in the downtown area while preserving the unique historic character of existing structures. Eligibility Any owner or tenant of a commercial or mixed use building located within the Priority I Downtown District.
Owner and tenant (if applicable) must be current on all Henderson & Vance County taxes for two years prior to the application date. Owners and tenants may not request incentive grants separately; however, any tenant must have the owner’s written permission attached to the application.
No one grant will exceed $2,500 in a fiscal year (July 1-June 30). Each property is eligible for one façade incentive grant in a fiscal year. A minimum of 50% of the awarded grant funds will be required from all participants.
Grant funds will be awarded for eligible projects on a funds-available basis. Grantees may be subject to restrictions on multiple-year applications.
Guidelines

The Secretary of the Interior’s Standards for Rehabilitation will be used as guidelines in making improvements to the façade of the structure.

Please download the Facade Incentive Grant Application and return to us at this contact info.

SIGNAGE INCENTIVE GRANT

ELIGIBILITY: Any owner or tenant of a commercial or mixed use building located within the Priority I area.

Owner and tenant (if applicable) must be current on all Henderson & Vance County taxes for two years prior to the application date.
Owners and tenants may not request incentive grants separately; however, any tenant must have the owner’s written permission attached to the application.
No one signage grant will exceed $1,500 in a fiscal year (July 1-June 30). A minimum of 75% of the awarded grant funds will be required from all participants. Each property is eligible for one signage grant in a fiscal year.
Grant funds will be awarded for eligible projects on a funds available basis. Grantees may be subject to restrictions on multiple-year applications.

PURPOSE :

  • To ensure that all signs within the Priority 1 district of downtown Henderson or on landmark sites are compatible with the character of historic downtown Henderson.
  • To help convey the sense of excitement and vitality envisioned for historic downtown Henderson.
  • Encourage signage appropriate to the buildings and sites which they occupy.
  • Preserve and improve the appearance of downtown Henderson as a historic community in which to live, work, and play.
  • Allow each individual business to clearly identify itself.
  • To promote signs as pedestrian oriented rather than automotive, which is consistent with the historic character of the Priority I area.
  • Ensure that the installation of a sign does not damage the historic fabric, nor detract from the historic character of the downtown historic district.

Please download the signage incentive grant application.pdf.

NEW BUSINESS INCENTIVE GRANT

Purpose:

To provide an economic incentive to encourage new business development and entrepreneurship, while promoting rehabilitation in the downtown area and preserving the unique historic character of existing structures.

Eligibility:

Any owner or tenant of a commercial or mixed use building located within the Priority I Downtown District.
Owner and tenant (if applicable) must be current on all Henderson & Vance County taxes for two years prior to the application date.
Owners and tenants may not request incentive grants separately; however, any tenant must have the owner’s written permission attached to the application.
No one grant will exceed $6,000 in a fiscal year (July 1-June 30). Each property is eligible for one building incentive grant in a fiscal year. A minimum of 90% of the awarded grant funds will be required from all participants.
Grant funds will be awarded for eligible projects on a funds-available basis. Grantees may be subject to restrictions on multiple-year applications.
Guidelines
The Secretary of the Interior’s Standards for Rehabilitation will be used as guidelines in making improvements to the façade of the structure.

Please download the New Business Incentive grant.pdf application.

PERMITTING INCENTIVE GRANT

Please download the Permitting Incentive grant.pdf application.

NEW EMPLOYEE INCENTIVE GRANT

Please download the New Employee Incentive Grant application.