Benefits

North Carolina is consistently ranked as a top location to do business, but that does not mean we are resting on our laurels. In fact, the Global TransPark (GTP) is more proactive than ever in creating an environment that makes it easy to do business here. Our real estate options make it possible for companies of all sizes to locate here with minimal risk:

• Available, existing facilities
• Shovel-ready acreage for immediate development
• Property-tax exemptions on GTP-owned facilities
• Choice of electrical and fiber providers for build-to-suit facilities
• Exclusive zoning authority on GTP-owned acreage
• Access to a skilled, highly-trained regional workforce
• Multi-modal transportation infrastructure on site
• 5,775 acres environmentally permitted for development
• Airport (ISO) with an 11,500 x 150 foot runway

Workforce

North Carolina has long been known as a leader in workforce development, thanks in large part to its extensive network of higher education resources. Academic and training programs available in the vicinity of the Global TransPark provide an ample supply of educated and trained workers. Additionally, over 12,000 service members leave active duty each year in Eastern North Carolina, many with skills and training in aerospace and aviation-related fields.

Incentives

We want good companies to make their business home at the Global TransPark (GTP). That’s why, in close cooperation with the state of North Carolina, as well as regional and local economic development partners, we make available a variety of competitive, performance-based incentive packages. Examples of incentive programs which may apply to companies locating at GTP include:

GTP Incentives:

• Discretionary, private-sector project support from the GTP Foundation
• Use of training and meeting facilities at the Composite Center
• Foreign Trade Zone savings
• Real property tax exemptions on GTP-owned facilities

Local Economic Development Incentives:

• Local incentives based on capital investment and job creation
• Considered on a case-by-case basis

North Carolina Incentives:

• NC Ports Tax Credits – Provide tax credits toward income taxes paid by businesses or individuals using North Carolina port facilities at Morehead City and Wilmington
• Job Development Investment Grant – Awards a limited number of cash grants directly to new and expanding businesses that will provide economic benefits to the State, and need the grant to carry out the project in North Carolina. Grants are based on the job creation and investment commitment made by companies in their formal applications to the State prior to a location decision. Grant funds are disbursed annually to approved companies based on a percentage of withholding taxes paid by new employees, following satisfaction of performance criteria set out in grant agreements.
• One North Carolina Fund – Awards grants for job creation and/or retention in conjunction with local government matches
• Community Development Block Grants and Industrial Develop Fund – Provides grants and loans for infrastructure development to eligible local governments
• Road Access and Rail Access Programs – Provides funds for the construction of roads and rail access to new or expanded industrial facilities
• Sales and Use Tax discounts, exemptions and refunds
• Customized training through the North Carolina Community College system for industries that employ 12 or more people.