Economic Development

(919) 554-1863
228 Park Ave
Youngsville, NC 27596

Economic Development

Tax Rates

Rate/$100 Valuation 

Franklin County 0.7950
Bunn 0.64
Franklinton 0.71
Louisburg 0.45
Youngsville 0.655
Wake Forest 0.495

Financial Assistance

Franklin County industries may qualify for a variety of incentives and financial assistance through several agencies and programs.

The Franklin County Economic Development Commission can help companies identify and connect with sources of financial assistance.

The state of North Carolina offers these incentive programs: 

  • One North Carolina Fund –  may provide financial assistance to businesses and industries deemed by the governor to be vital to a healthy and growing state economy and making significant efforts to expand in North Carolina. The One NC Fund is a competitive fund and the location or expansion must be in competition with another location outside of North Carolina. Criteria for the program is available through the N.C. Department of Commerce Finance Center.
  • Job Development Investment Grant – this discretionary incentive may provide sustained annual grants to new and expanding businesses measured against a percentage of withholding taxes paid by new employees. The program is competitive and the Economic Investment Committee, which oversees it can award up to 25 grants in a calendar year. Criteria for the program is available through the N.C. Department of Commerce Finance Center.  For more info:  JDIG
  • For additional information on NC state incentives go to:  EDPNC
  • Dislocated Worker Program - reimburses a percentage of retraining costs.  For more info:  NC Workforce Development

Franklin County Incentives

Franklin County government also offers financial incentives to assist selected companies that will improve the county’s economy and create jobs.

Franklin County Incentive Policy (PDF)

Franklin County Incentive Resolution (PDF)