​Public-Private Partnerships

Successful public-private partnerships allow the City of Charlotte to influence key elements of a development project, and enhance the benefits and amenities enjoyed by the whole community.

The Economic Development Department has a strong track record of leveraging private investment to facilitate economic growth and help shape Charlotte. The staff collaborates with a variety of nonprofit agencies to enhance Charlotte’s business climate and support existing businesses.

Capital Investment Plan

The city’s Capital Investment Plan (CIP) is a five-year infrastructure plan and a public-private partnership tool that funds the city’s highest priority projects – those that generate the most benefit and impact to the entire community. Projects funded by the Capital Investment Plan improve streets, enhance transportation options and integrate neighborhoods, while creating jobs and growing the city’s tax base.

As partners with the city in making these infrastructure improvements, private developers may be reimbursed monthly during construction, or after the project is completed in a lump sum payment or multiple payments. The CIP utilizes bond funding approved by voters every two years.

Tax Increment Grants

Tax Increment Grants (TIG) are reimbursed ad valorem property taxes awarded to projects that advance economic growth and the city’s land use goals.

Grant applicants must demonstrate a but-for need for the funding, and the project’s benefit to the general public. Generally, public benefits include, but are not limited to, upgrades to water and sewer lines, new roads streetscape infrastructure and public parking decks. Tax Increment Grants are provided on a reimbursement basis only and are only reimbursed once the entire project is complete.

A TIG may also provide gap funding for developments that achieve city goals and objectives, such as affordable and workforce housing, and job creation, but would not be financially feasible without assistance from the city.