Incentives

Economic Development Incentives

In March 2009, Wendell initiated an effort to establish a working group focused on establishing a long term economic development strategy for the Town. One of the first things that this group began working on was an Economic Incentive Policy for the Town. Wendell's Economic Development Policy was adopted by the Board of Commissioners on July 13, 2009.

The purpose of this Economic Development Incentive Policy for New and Expanding Businesses is to enhance the Town of Wendell's ability to attract new industrial and commercial development and to encourage expansion of existing businesses within the town's existing or proposed corporate limits. The policy was developed to promote the general economic development goals outlined in the Town of Wendell Comprehensive Plan.

Download Incentive Policy PDF >

 

Both Wake County Economic Development and the North Carolina Department of Commerce provide a number of economic incentives for new, relocating, and expanding businesses, including certified site programs, tax incentives, loans for working capital and physical improvements, and direct grants to local governments for infrastructure.” (Note – both links are included in the “Local/Wake/State Partners“subheading