In early 2011, property owners, who had completed renovations on a couple of historic, but long-neglected, buildings in Downtown Mount Holly, began working with City officials in an effort to actively recruit new businesses, while encouraging retention and expansion of existing ones. Staff quickly took the topic to the Mount Holly Economic Development Committee for further discussion, and soon, a recommendation was borne out of the EDC for a proposal to start a small business grant program. In June 2011, City Council adopted the Business Incentive Grant program for Mount Holly by earmarking $100,000 in the general fund to serve as cash grants for small businesses seeking to expand their existing business or start a new business within the city limits of Mount Holly.
The guidelines for the grant state that funding is intended for life-safety improvements, building remodeling and/or façade renovations that are for a new business or an existing business expansion for any commercially-zoned property in Mount Holly. The maximum amount awarded is up to $15,000 per applicant per calendar year. The City will see the fruits of the Business Incentive Grant program through job creation, increased sales tax revenues and higher property values. There are also other tangible benefits to small business incentives, such as providing local dining, shopping and business services to the citizens of Mount Holly and surrounding area. Pictured left: Past grant recipient William Henry Signature Salon and Spa.
Both the Business Incentive Grant Guidelines and Application can be found below.
Gaston County and the State of North Carolina offer a broad range of incentives for new jobs and investment to foster sustained growth and job creation in our region. The City of Mount Holly has adopted a program to match tax incentives offered by Gaston County. Mount Holly staff work closely with the Gaston County Economic Development Commission in an effort to promote business investment in our city. For more information on Gaston County incentives and other programs, please visit the link here.