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DEVELOPMENT FINANCE INITIATIVE: BY THE NUMBERS

August 31, 2020

DEVELOPMENT FINANCE INITIATIVE: BY THE NUMBERS

Active projects started in 2019

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

Active projects started before 2019

  • 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 2019

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

Total projects

  • 14 total projects in 2019, including four class projects and 10 DFI projects
  • 145 total projects overall, including 32 class projects and 113 DFI projects

Projects by community size

In communities with populations greater than 50,000:

  • 1 project in 2019
  • 27 projects overall

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

  • 6 projects in 2019
  • 37 projects overall

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

  • 6 projects in 2019
  • 64 projects overall

In communities with populations less than 2,500:

  • 1 project in 2019
  • 17 projects overall

Projects by economic development tier

In Tier 1 communities:

  • 9 projects in 2019
  • 44 projects overall

In Tier 2 communities:

  • 2 projects in 2019
  • 56 projects overall

In Tier 3 communities:

  • 3 projects in 2019
  • 45 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 2019
  • 96 projects overall

In distressed communities:

  • 2 projects in 2019
  • 19 projects overall

In non-distressed communities:

  • 3 projects in 2019
  • 30 projects overall

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

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