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DEVELOPMENT FINANCE INITIATIVE: BY THE NUMBERS

August 31, 2020

DEVELOPMENT FINANCE INITIATIVE: BY THE NUMBERS

Active projects started in 2020

  • Dare County
  • Mocksville
  • Salisbury (2)
  • Sanford
  • Southern Pines
  • Davie County
  • Elizabethtown
  • Garner
  • Goldsboro
  • Jacksonville
  • Kinston
  • Lumberton
  • Rockingham
  • Wake Forest
  • Whiteville

Active projects started before 2020

  • Bermuda Run
  • Wake Forest
  • Boone
  • Concord
  • Durham
  • Hickory
  • Kannapolis
  • Kinston
  • Rocky Mount
  • AlbemarleElon
  • Morganton
  • Pineville
  • Hendersonville
  • Morrisville
  • New Bern
  • Wilson
  • Gastonia

Closed projects started in 2020

  • Brevard
  • Caldwell County
  • Greenville
  • Kannapolis
  • Kinston
  • Mooresville
  • North Wilkesboro
  • Sanford
  • Anson
  • Laurinburg
  • Southport
  • Timberlake

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.

Bermuda Run: Hotel Development Oppportunity

December 21, 2018

The Town of Bermuda Run is soliciting developers for an upscale brand or independent boutique hotel in the Winston-Salem Metro. DFI conducted a hotel pre-development process for three acres of prime land located adjacent to the area’s premiere event center and regional sports park.

View and Download Solicitation

 

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