Preparing A New Business Location

We get your site shovel, pad or move-in ready, so you can get to work.

No site or building is one-size-fits all in economic development. Every project is unique, and requires a site with unique assets. Building and site funds allow North Carolina to help upfit, expand or otherwise invest in sites to get them ready for action, saving companies time and money.

Building Reuse Grants

The Building Reuse Program, under the Rural Economic Development Division at Commerce, provides grants to local governments. Funding is available to 1) renovate vacant buildings, 2) renovate or expand a building occupied by an existing North Carolina company wishing to expand in their current location and 3) renovate, expand or construct health care entities that will lead to the creation of new, full-time jobs.

Eligible applicants are units of local government located in either a Tier 1 or Tier 2 county, or a rural census tract in a Tier 3 county. The tier designations can be found on the NC Department of Commerce website at the following link: County Tier Map. In Tier 1 or Tier 2 counties, priority will be given to towns or communities with populations less than 5,000.

worker cutting plank with circular saw at construction site

Demolition Grants

Demolition Grants support the demolition of a vacant building to encourage site rehabilitation and site availability for economic development purposes. Funding is available through the Rural Grants Program and the U. S. Department of Housing and Urban Development (HUD)’s Small Cities Community Development Block Grant (CDBG) program. 

demolition vehicle tears down brick building

Shell Buildings

Loans for industrial shell buildings are available from the Revolving Loan Fund (RLF) based on the projected number of jobs to be created and the level of distress in the community.

man wearing a hard hat looks at the shell of a concrete building

Agriculture Sites | Gas Products Fund

The Expanded Gas Products Service to Agriculture Fund provides grants to allow the owner of a project that would facilitate new and expanded natural gas and propane gas service, or that would expand agricultural production or processing capabilities, to pay for excess infrastructure costs, or to pay for cost effective alternatives that would reduce excess infrastructure costs.

industrial pipelines on pipe-bridge against blue sky