Economic Development Overview

An important part of Buncombe County’s 2025 strategic plan is to create an environment that attracts new business and promotes the growth of our existing businesses. Paramount to these efforts are increasing high wage jobs in meaningful careers and industries. Another area of focus is boosting capital investments that generate tax revenue and, in return, allow the County to bolster existing programs and services.

To recruit and retain businesses, Buncombe County utilizes numerous tools including economic incentives, customized workforce training, and workforce development programs. These tools are utilized to attract and retain industries for the state, region, and even across the nation. The County seeks to serve as a good steward for taxpayer resources while supporting the growth of a vibrant economy.

What policies govern economic development?

• NCGS 158-7.1: NCGS requires incentives to “increase the population, taxable property, agricultural industries, employment, industrial output, or business prospects of the city or county.” It also provides requirements for economic development incentives to include requirements for public purpose, economic development agreement, and repayment ("clawback") measures. Before the County disburses any incentives, County staff review documentation for job creation, capital investment, average salary, and other provisions to ensure the company is meeting its contractual obligations.
• Buncombe Economic Development Policy: defines local policy requirements including eligible industries, incentive formula, and compliance requirements.