The Transylvania Economic Alliance is focused on facilitating the growth and long-term vitality of existing employers – the backbone and foundation of our economy. We can support your business by connecting you with a wide variety of resources to enable investment, job creation and physical expansion.
Contact us to learn more about:
- Real Estate
- Workforce Development
- Incentives & Grants
- Legislative Support & Advocacy
- Infrastructure Support & Assistance
Transylvania County Economic Development Incentives
Transylvania County, NC uses a discretionary, performance-based grant program to support economic development. The program uses a “scorecard” system based on new taxable investment and job creation, to determine annual incentive awards. The total award corresponds to a percentage of property taxes collected from the new investment that company is eligible to receive back.
ONE North Carolina Fund
The One North Carolina Fund (OneNC) is a discretionary cash-grant program that allows the Governor to respond quickly to competitive job-creation projects. Awards are based on the number of jobs created, level of investment, location of the project, economic impact of the project and the importance of the project to the state and region.
Rural Infrastructure Fund
The Economic Infrastructure Program provides grants to local governments to assist with infrastructure projects that will lead to the creation of new, full-time jobs.
NC Customized Training Grants
Customized Training is widely regarded as a best practice as a job creation and job retention incentive. Customized Training is a grant program issued by the NC Community College system and administered locally by Blue Ridge Community College. Funds may be used to support not only the project’s location to North Carolina, but it’s ongoing operation as new technology, investment and processes are deployed.
Mountain Area Workforce Board: On-The-Job Training (OJT) for New Hires
Through OJT with the Mountain Area Workforce Development Board (MAWDB), the MAWDB can create customized candidate skill assessments, analyze your job’s skill requirements, develop a skills gap analysis and collaboratively develop individualized training plans. Eligible companies receive a 50% reimbursement of the new hire’s wages for up to 6 months. Companies are required to submit time and payment vouchers monthly and are reimbursed promptly.
Mountain Area Workforce Board: Business Accelerator Grants
The Business Accelerator Grant for Incumbent Worker Training is a competitive, cost reimbursement training grant through which qualifying businesses can address employees’ skills gaps. These skills gaps can be a result of a worker’s changing responsibilities/requirements in her/his job, or for a worker whose job may potentially be eliminated, and skill upgrading is needed to accept new responsibilities.