Development Incentive Grant
Ten years ago the City funded a community-driven planning process that married land use planning and economic development. After many decades as a textile/furniture economy, a different course for economic success was necessary. The Mission 2030 plan recognized that planning and development success for the next 20 years would require new partnerships, bold economic strategies, and public and private buy-in and participation.
The five economic strategies of Mission 2030 highlighted manufacturing growth, small business growth, tourism growth, workforce training, and a continued vibrant downtown. For a rural community to be successful and competitive today, it is not enough to attract workers, investors, and visitors – it is imperative to create an environment that attracts new residents. Morganton and Burke County have to offer a lifestyle, career opportunities and housing options that make people choose to live, work, and play here. The Development Incentive Grant is an incentive tool designed to promote and support transformative development that keeps our community moving forward and competitive. Tax-exempt entities are NOT eligible.
The DIG program is a collaborative effort between the City of Morganton and Burke County that provides local developers, investors, and landowners an opportunity to request public financial support to match private funding for qualifying projects. Capital investment is one of the methods required to advance community-wide long-range economic and community planning goals. Financial incentives will be considered based on the size of the proposed project.
DIG funds can only be made available to those projects determined otherwise unfeasible or unachievable “but for” the combined efforts of public and private participation. The City will designate Development Incentive Grant Zones (DIG Zones) within areas of the city that were determined key economic growth areas by the Mission 2030 Plan. The objective is to encourage projects that move the economic needle within these zones.
For more information about the DIG program, or to obtain an application, contact the Development & Design Department.
