NC Economic Investment Committee

Funds North Carolina strategic investment decisions for statewide growth programs.

The North Carolina Economic Investment Committee is a five-member statutory body inside the North Carolina Department of Commerce that approves Job Development Investment Grant awards. It is the sole approval authority for JDIG, the state's performance-based cash grant program for companies that create jobs and invest in North Carolina.

JDIG is tiered. Standard awards run for up to 12 years, high-yield projects can reach 20 years with thresholds of 1,750 jobs and $500 million of investment, and transformative projects require 3,000 jobs and $1 billion of investment and can run for up to 30 years. Payments are tied to withholding tax generated by new jobs, with county tier rules shifting a share into the Industrial Development Fund utility account.

Eligibility centers on competitive recruitment or retention deals, measured wages, capital investment, location, and industry fit. The committee's membership includes the Commerce secretary, Revenue secretary, State Budget Director, and two legislative appointees, and awards are paid only after annual verification by Commerce and Revenue. The result is a narrow approval lane for large, deal-driven projects rather than a general grant program.