DEVELOPMENT FINANCE INITIATIVE: BY THE NUMBERS

Active projects started in 2020

Clayton
Danville, VA
Dare County
Durham
Henderson
Kinston
Louisburg
Marvin
Orangeburg, SC
Salisbury (2)
Siler City
Southern Pines

Active projects started before 2020

Elizabethtown (NCORR)
Garner
Goldsboro (NCORR)
Lumberton (NCORR)
Rockingham Housing Authority
Wake Forest (Seminary Site)
Boone
Concord
Durham
Kannapolis Kinston (NCEM)
Elon
Fuquay-Varina Morganton (Commerce)
Pineville
Carrboro
Hendersonville
Morrisville
New Bern
Wilson
Wake Forest (SunTrust Bank)
Albemarle

Closed projects started in 2020

Fayetteville
Mocksville
Reidsville
Rutherford County
Sanford
Thomasville
Walkertown

Total projects

20 total projects in 2020, including four class projects and 16 DFI projects
167 total projects overall, including 36 class projects and 131 DFI projects

Projects by community size

In communities with populations greater than 50,000:

3 project in 2020
30 projects overall

In communities with populations between 20,000 and 50,000:

6 projects in 2020
43 projects overall

In communities with populations between 2,500 and 20,000:

9 projects in 2020
73 projects overall

In communities with populations less than 2,500:

0 project in 2020
17 projects overall

Projects by economic development tier

In Tier 1 communities:

4 projects in 2020
48 projects overall

In Tier 2 communities:

7 projects in 2020
63 projects overall

In Tier 3 communities:

7projects in 2020
52 projects overall

County distress rankings are released annually by the North Carolina Department of Commerce. The 40 most distressed counties are designated as Tier 1, the next 40 as Tier 2 and the 20 least distressed as Tier 3.

Projects by level of economic distress

In severely distressed communities:

9 projects in 2020
105 projects overall

In distressed communities:

4 projects in 2020
23 projects overall

In non-distressed communities:

5 projects in 2020
35 projects overall

Areas of distress are determined using the New Markets Tax Credit Mapping Tool.