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.