Financial Incentives
We can offer industry a vast array of state and local business incentives. Incentives can change based on a number of factors, so contact the Partnership for the latest available offerings.
For example, an employment-based incentive is offered that places a moratorium on paying corporate income tax to the state for a period of ten years if 100 or more jobs are created within a period of five (5) years. This incentive is increased to a 15-year moratorium if 200 or more permanent jobs are created.
State
- Job Development Fees
- Income Tax Credits
- Industrial Development Bonds
- State Rural Infrastructure Fund
- Community Development Block Grant Program (non-entitlement areas only)
- Section 108 Program (non-entitlement areas only)
- Highway Set-Aside Program for Economic Development
- Special Schools for Job Training
- Other sources for particular project
Local Level
- Fee-in-Lieu-of Taxes
- Special Source Revenue Bonds
- Special Source Credits
- Multi-County Parks
- Industrial Development Bonds
- Community Development Block Grant Program (entitlement areas only)
- Section 108 Program (non-entitlement areas only)
- County personnel and equipment for site work
- Property tax abatements and credits
- C-Funds for roadwork
- Coordination of Employee Training Program
- Other sources available in particular communities
Marlboro County Economic Development Partnership
- A sum to help defray Phase 1 environmental engineering expenses
- Use of a rent-free office in the Partnership building
- Assistance of Partnership staff & use of office equipment
- Refers to contacts for assistance relevant to the operation