Operating Costs

Taxes

The local tax base of Cabarrus County is comparatively low, making the region an affordable destination. The tax base for the county is figured at $0.740/$100 of valuation.

Click here for more information on local taxes.

Click here for more information on state taxes.

The following table outlines tax rates per the five municipalities in Cabarrus County.

Municipality	County Rate	City/Town Rate	Combined Rate
Concord	0.740	0.4800	1.2200
Kannapolis	0.740	0.6300	1.3700
Harrisburg	0.740	0.4350	1.1750
Midland	0.740	0.2200	0.9600
Mount Pleasant	0.740	0.5050	1.2450

Local and State Business Incentives

As any company looking to build or relocate in Cabarrus County needs to know, there are several tax credits, competitive grants and discretionary funds available to assist in attracting business to the region. It is these types of financial incentives and training programs that help to spur growth and create jobs by establishing a healthy and competitive environment with which to do business.

Cabarrus County — along with its municipalities and the State of North Carolina — offers competitive grants, financial assistance, and training programs for new and existing companies.

Local Grant Programs

Cabarrus County Economic Development Grant Program
- Requirements
  - Minimum capital investment $1.5 million
  - Equivalent to 85% taxes paid for 3 consecutive years
City of Concord Economic Development Grant Program
- Requirements
  - Minimum capital investment $1.5 Million
  - Equivalent to 85% taxes paid for 3 consecutive years
City of Kannapolis Economic Development Grant Program
- Requirements
  - Must be $3 million, although a minimum of $1.5 million may be considered for headquarters and other key projects in existing buildings.
Town of Harrisburg Economic Development Grant Program
- Requirements: TBD
Town of Mount Pleasant Economic Development Grant Program
- Requirements
  - Minimum capital investment $1 Million
  - Equivalent to 85% taxes paid for 3 consecutive years

North Carolina Incentives

Discretionary Grants
Building Demolition
- Community Development Block Grant, Demolition Program
- Rural Division, Rural Building Demolition Program
Building Reuse
- Community Development Block Grant, Building Reuse Program
- Rural Division, Building Reuse Program
Public Infrastructure
- Community Development Block Grant, Economic Development Program
- Rural Division, Economic Infrastructure Program
Transportation
Workforce Training & Development
- Workforce Development
Tax Exemptions
Other Programs
- Foreign Trade Zones
- N.C. Biotechnology Center, Economic Development Award

For information about state incentives through the Economic Development Partnership of North Carolina, click here.

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