23924 Economic Development Agency

Find 23924 economic development agencies, departments, and corporations. Economic development agencies provide information on resources for economic growth, expansion of local businesses, attracting new business and tourism.

Lunenburg County Economic Development 11413 Courthouse Road Lunenburg VA 23952 13.7 miles from 23924 434-696-2546

Vance County Economic Development 1775 Graham Avenue Henderson NC 27536 33.3 miles from 23924 252-492-2094

Granville County Economic Development 310 Williamsboro Street Oxford NC 27565 35.3 miles from 23924 919-693-5911

Person County Economic Development 304 South Morgan Street Roxboro NC 27573 42.5 miles from 23924 336-597-1752

Franklin County Economic Development 112 Wheaton Avenue Youngsville NC 27596 53.3 miles from 23924 919-554-1781

Danville Economic Development # 203, 427 Patton St Danville VA 24541 55.9 miles from 23924 434-793-1753

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About Economic Development Agencies

What is a tax abatement?

A tax abatement is an agreement between a business and a taxing entity, such as a state, county, or local government, which provides a temporary tax reduction for a business that expands or makes physical improvements. Typically, the additional property taxes that would have been levied as a result of the business expansion or improvement are forgiven for a specified period of time. Businesses are sometimes offered tax abatements as a way to encourage expansion and investment.

What is the difference between an Economic Development Agency and an Economic Development Commission?

An Economic Development Agency is an agency of the government staffed by professional employees who implement the programs and services of the agency. An Economic Development Commission usually refers to an appointed board that serves as an advisor on economic policy. Economic Development Commissions are common at the county and local levels of government.

What do I need to do to start a new business?

Most Economic Development Agencies have a staff person or office to help prospective business owners to understand how to register their business and obtain any necessary licensing.