Economic Development Incentive Policy
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 corporate limites. This policy has been developed to promote the general economic development goals outlined in the Town of Wendell Comprehensive Plan, adopted in April 2007. This policy authorizes the Town of Wendell Board of Commissioners to make direct grant appropriations from town tax revenues and to provide development incentives to encourage industrial and office park development and commercial/mixed use service industry and business investment in Wendell.
Please see the Economic Development Incentive Policy for more details or contact the Department of Planning at 919-365-4448.
Downtown Facade Grant Program
The appearance of Wendell is largely determined by the condition of its buildings. Because the appearance also forms the basis of the public’s overall impression of the town, the upgrading and preservation of Wendell’s commercial buildings is crucial to the continued livelihood of the town as a whole. The main objective is this program is to provide financial incentives to businesses and property owners to assist them in façade preservation and restoration. Key goals of this program are to restore properties valuable to the economic viability of the town; to provide a comfortable and attractive place to shop, work and be entertained. Grants will be awarded twice per fiscal year. Deadline for the next cycle of applications will be July 15, 2013.
For more information on this program, please contact the Department of Planning at (919) 365-4448 or obtain an application online here at Downtown Facade Grant Program.
Wake County Economic Development and North Carolina Department of Commerce
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