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1� <br />Other Programs <br />o Foreign Trade Zones <br />o Industrial Revenue Bonds <br />o Community Development Block Grants <br />o Industrial Development Fund <br />o Road Access and Rail Access Programs <br />o Recycling Business Assistance Center <br />o North Carolina Biotechnology Center <br />o Film Incentives <br />Local Incentives <br />Lee County, Sanford, and Broadway support new and expanding companies by providing <br />grants, loans, regulatory assistance, and a proactive business retention and expansion <br />program. <br />• Infrastructure Assistance — Lee County actively seeks grants to improve and extend water, <br />wastewater, road, and other needed infrastructure to support new and expanding business. <br />Revolving Loan Program — Sanford -Lee County Partnership for Prosperity and Lee County <br />have revolving loan programs that provide low and /or no interest loans to companies for <br />equipment and building renovation. <br />Local Incentive Grant Program — Lee County, Sanford, and Broadway offer local incentive <br />grants to qualifying companies. Grants are based on capital investment, job creation, and <br />wages and are paid over a period of time. All local incentive grants are subject to approval <br />by the local government through a public hearing process. Terms and conditions of grant <br />payments are negotiated based on the specific project and are codified in a written <br />performance agreement. <br />Business Retention and Expansion — Sanford -Lee County Partnership for Prosperity <br />provides services and support to existing business to help them grow. <br />• Expedited Permitting and Regulatory Review <br />Matching Grants — Lee County, Sanford, and Broadway will consider matching state grants <br />for infrastructure, building renovation, incentives, etc. <br />Utility Incentives <br />Duke Energy provides economic development rates for large industrial customers based on <br />demand, consumption, and operating characteristics. <br />HUBZones <br />Economic Development Corporation <br />P.O. Box 1968 • Sanford, NC 27331 -1968 • Phone: 919.774.8439 • Fax: 919.775.5410 <br />info @lcedc.com <br />