One North Carolina Fund
The One North Carolina Fund supports science-driven job-creation and industrial research projects through grants for equipment, infrastructure, and facility upgrades in partnership with local governments.
Funder: North Carolina Department of Commerce
Due Dates: Rolling (applications accepted year-round, subject to fund availability)
Funding Amounts: Discretionary; award size and duration are negotiated per project, with local match required based on county tier.
Summary: Grants to local governments for competitive job-creation projects, emphasizing investment in less prosperous North Carolina regions.
Key Information: Local government match required; awards are performance-based and disbursed in increments.
Description
The One North Carolina Fund is a discretionary, performance-based economic development grant program administered by the North Carolina Department of Commerce. It is designed to enable the Governor to respond rapidly to competitive job-creation projects that can stimulate economic growth and investment across the state. The program prioritizes projects in less prosperous regions using North Carolina’s economic development tier system and supports both new and expanding businesses through direct grants to local governments. Funds must be used for eligible activities such as equipment purchase, building improvements, and infrastructure related to manufacturing and industrial operations.
