Business Investment Grants
Businesses seeking to relocate to Charlotte or expand their existing operations in Charlotte could be eligible for a grant through the City's Business Investment Grant (BIG) program. Our BIG program, which aligns with other local initiatives, provides grants to eligible businesses based upon the amount of property tax generated by the private business investment and the number of jobs created when the company moves or expands here.
To qualify for a BIG, a company must commit to making new taxable capital investment and creating a specified number of jobs at required wage levels as outlined in our program policy. Additionally, the company must demonstrate competition from other cities and whether the company's planned relocation or expansion is a realistic choice given the company's product and market.
Contact Jenae Valentine to find out if your company operates within an industry cluster that is eligible for this grant opportunity. Companies locating in the adopted Business Investment Zone (BIZ) will be eligible for a 90 percent grant and if outside the zone, a 50 percent grant will be considered. The adopted zone includes the following areas:
- Center City
- Business Corridor Revitalization
- Transit Station Areas
- Arrowood-Westinghouse Industrial Area
- University Research Park
- Tyvola Road Area
Grant recipients will be encouraged to hire residents of Mecklenburg County and to use local small, minority and women-owned businesses as vendors when available at competitive prices.