GRANTRADAR/Grant Programs/Industrial Development Fund - Utility Account
North Carolina StateDirect GrantStackable

Industrial Development Fund - Utility Account

Administered by NC Department of Commerce - Rural Economic Development Division · North Carolina

BENEFIT
Up to $697K
Deadline type: rolling

Eligibility Requirements

  • 1Local governments in 80 most economically distressed counties (Tier 1 or Tier 2)
  • 2Publicly owned infrastructure projects
  • 3Must reasonably result in new job creation
  • 4Funded through JDIG program allocations

Eligible Project Types

Industrial
STACKING POTENTIAL

Industrial Development Fund - Utility Account is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN
View the Industrial Development Fund - Utility Account compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.