The Economic Development Incentive Grant involves a contractual agreement between the Town of Angier and a new or existing business/industry that would allow for a financial incentive grant based upon the actual value, schedule and payment of town property taxes for a period of up to seven years. The town will require the business/industry to pay in full annually total property taxes due. If the business/industry has met specific criteria as outlined in a formal agreement, a portion of the property tax paid by that business/industry to the town for up to seven consecutive tax years would be returned to the business/development incentive grant. The terms of the grant will be based on the amount of investment. Each project will be considered on an individual basis under the direction of the Angier Town Board of Commissioners. New Investment Level % Property Taxes Term $1.5 million or greater 80% 3 yrs. $10 million or greater 80% 5 yrs. $20 million or greater 80% 7 yrs. Expanded Investment Level % Property Taxes Term $750,000 or greater 80% 3 yrs. $5 million 80% 5 yrs. $10 million 80% 7 yrs.

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