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| Location | |||||||||||||||||||||||||||||
| Williamston has begun the development of an industrial park within the city limits. The park will be conveniently located on proposed Hwy. 125 North Bypass. The park location is approximately 1.5 miles from the new Hwy. 64 and Hwy. 125 (Senator Bob Martin Ag Center exit) interchange with easy access to Hwy 13–17 North and 17 South. The park contains approximately 80 acres divided into 14 parcels ranging in size from 3.56 to 5.38 acres. (See Map) | |||||||||||||||||||||||||||||
| Services | |||||||||||||||||||||||||||||
| Services to the property will include city water and sewer. Rail service will be available since the park has over 2700' of frontage along a main track of CSX Railroad. Highway entrance will be provided with a traffic signal. Natural gas service has entered the county and officials have been made aware of the need for this service within the park. Electrical service will be provided through North Carolina Power. | |||||||||||||||||||||||||||||
| Financial Assistance | |||||||||||||||||||||||||||||
| Williamston and Martin County are classified as Tier 1 areas with Williamston also being designated a Development Zone. Financial assistance is available to qualified applicants through the William S. Lee Act. This provides tax credits for jobs created, equipment and machinery purchased, worker training. | |||||||||||||||||||||||||||||
| Additional Tax Credit | |||||||||||||||||||||||||||||
| Additional tax credit incentives are provided as a result of the Development Zone Designation. Development Zone Designation provides an additional $4,000 per job created and establishes a zero threshold for credits on equipment and machinery purchased. | |||||||||||||||||||||||||||||
| Local Incentives | |||||||||||||||||||||||||||||
| Local incentives may be provided through the Town of Williamston's Economic Development Incentive Program, which is based on the amount of new investment in the community. These credits range up to 3.5% of total new investment and provided over a five–year term. Martin County has an incentive program that gives priority to creation of jobs and may also provide benefits to qualified businesses. | |||||||||||||||||||||||||||||
| Facts & Figures | |||||||||||||||||||||||||||||
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