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Fact Book PolkCountyEDC Polk County Economic Development Fact Book Table of Contents About the EDC EDC Mission & Plan of Work Summary EDC Staff & Board of Directors Location & Geography M.S.A., County & Municipal Population Estimates Local Climate Workforce Civilian Labor Force Estimates (& Unemployment Rates) Labor Analysis Employment & Wages Job Applicants Profile Educational Attainment Employment & Temporary Staffing Agencies Demographics Race, Age, Gender Income Home Ownership/Home Prices Education & Training Public Schools in Polk County Polk County Schools Information Vocational and Technical Schools Colleges and University Business & Industry Industry Composition Top Employers Financial Institutions New & Expanding Industry Plant Closings and Permanent Layoffs 5-year Industry Employment Transition Business clusters

Government & Taxes County & Municipal Locations Polk County Departmental Phone Number County & Municipal Planning Departments County & Municipal Public Safety County & Municipal Property Tax Rates Polk County Sales Tax Rates Business Property Tax North Carolina Taxes Incentives State and Federal Incentive Programs Local Incentives Transportation Major Highways Commuting Patterns & Traffic Counts Trucking & Motor Freight Services Airports Railways North Carolina State Ports Foreign Trade Zone Public Transportation Utilities Provider Service Areas Electricity Providers Gas Providers Telecommunications Providers Quality of Life Polk County Chamber of Commerce Sports & Recreation Arts & Culture Religion Retail & Shopping Restaurants Housing Availability & Costs Accommodations Health Care Libraries

Agriculture Profile of farms

Maps Map 1 Map 2 Map 3 Map 4 Map 5 Map 6 Map 7 Map 8 Map 9 Map 10 Map 11 Map 12 Map 13 Map 14 Map 15 Map 16 Map 17 Map 18 Map 19 Map 20 Map 21 Map 22 Map 23 Map 24

Regional Location Townships Polk County Economic Impact Area General Population Distribution Subdivisions Assessed Residential Property Values Community Facilities Annual Average Daily Traffic Existing Water & Natural Gas Systems Polk County Zoning Elevation Percentage of Slope Water Resources Flood Zones Polk County General Soils Prime Farmland & Hydric Soils Significant Natural Heritage Areas Preservation /Conservation Areas Land Suitability Analysis Existing Land Use Anticipated Core Preliminary Subdivisions & Master Plans Future Water Systems Future Land Use Map

Certified Entrepreneurial Community About CEC Entrepreneurial businesses and Support Sites and Buildings Available Buildings: Commercial, retail, office, light industrial Land for Development

2012 Strategic Plan(Approved 4/2012)

Polk County Fact Book 6

EDC Staff & Board of Directors EDTC 2012 Board of Directors

Craig Hilton, Chairman ...................................................................................... [emailprotected] Dennis Hill, Vice-Chairman....................................................... [emailprotected] Bob Morgan....................................................... [emailprotected] Carl Caudle ................................................................. [emailprotected] Jeffrey Carey................................................................. [emailprotected] Karen Jones.................................................................. [emailprotected]

EDTC Staff Libbie Johnson Melinda Young Dianne Timberlake Polk County Fact Book 10

Location & Geography Polk County Fact Book 11

Location and Geography

Mission Statement: To nurture the economy of Polk County while preserving a desirable, rural quality of life.

Purpose of the Office of Economic Development: To advise the Board of County Commissioners and implement policies and actions that support the Mission of the Polk County Economic Development Commission.

Economic and Tourism Development Commission / Staff Craig Hilton, Chair [emailprotected] Dennis Hill, Vice-Chair [emailprotected] Sara Bell [emailprotected] Geoff Carey [emailprotected] Bill Kerns [emailprotected] Joann Miska-Blackwell [emailprotected] Bob Morgan [emailprotected] Roberta Ratteree [emailprotected] Libbie Johnson, Director, Economic Development [emailprotected] 828-894-2895 (o) 828-817-3753 (c) Dianne Timberlake, Staff Support [emailprotected] 828-894-3301 (o)

Why Polk County? An area of rapidly increasing international attention. Part of the I-26 Asheville to Spartanburg corridor. 40% of the Greenville, SC BMW plant 65-mile radius local purchasing area. In the center of the developing southeastern United States mega-region. Access to major medical facilities located in Greenville, Spartanburg, Hendersonville, Fletcher, Brevard and Asheville. Of the 40 Economic Hot Spots worldwide, the 8th hottest spot is the I-85 corridor, Polk being in the I-26 rib off I-85. Early college program that offers college credit courses to high school students. Low costs of living—housing, utilities, supplies and groceries, transportation and health care are all below the national average. Low construction costs. Low crime. Market access includes two close interstate systems, three close proximity major airports. Broadband infrastructure for advanced voice, data and video communications.

Why North Carolina? North Carolina now has one third of the early colleges in the United States. Harvard honored NC with an award for education innovation. North Carolina has a AAA bond rating. Named one of the Top Three places to do business in the United States. North Carolina has the third largest, most successful community college system in the US. 51,000 North Carolina students has received MicroSoft certification within the last 18 mos. Tax credits incentives are available to new and expanding industry. No inventory tax for NC businesses. Fourth largest military presence in the nation. Global economy driven by knowledge-based enterprises. The state lies within a 700 mile radius of more than 170 million consumers and at least 70 percent of the nation’s industrial base. Four international airports provide passenger service by major carriers to most locations throughout the U.S. Research Triangle Park is an internationally recognized research and development center for diverse business and industry endeavors. North Carolina boasts a 4,000 mile rail network coupled with the nation’s second largest highway system. North Carolina is a right-to-work state. Unemployment insurance and workman’s compensation rates are among the lowest in the nation. Tar Heel workers are 36% more productive than the average US worker. Fifty eight campuses of the state’s community and technical college system offers free, customized skills training. The University of North Carolina university system has 16 highly accredited campuses which offers advanced educational opportunities. Voted #2 Lowest State and Local Tax Burden on Business by Ernst & Young, July 2011. Voted #2 Best State for Business by Development Councils International, Sept 2011.

Location and Geography

Polk County is located in the western part of the State of North Carolina in the foothills of the Blue Ridge Mountains and covers 239 square miles. The western county is in North Carolina’s southern foothills with a population of 20, 510 (2010 census). Polk County’s population includes the inhabitants of its three municipalities. These municipalities include Columbus (the county seat), Tryon and Saluda. . Polk County's location in the foothills of the Blue Ridge Mountains exert a strong influence on the County's climate and ambience. Known as the Isothermal Belt, the County is sheltered by mountains that moderate winter temperatures and provide refreshing summer breezes. Elevation ranges from 800 to3200 feet. Its average year round temperature is 60 degrees Fahrenheit. Its major lake, Lake Adger, is strikingly back dropped against the wooded shorelines. Other Lakes and reservoirs include: Lyles Lake, Bullseye Orchard Lake, Hooper Creek Lake, Kaye Thompson Lake, Lake Adger, Deering Milliken Lake, Warrior Mountain Lake and Lake Sandy Plains. Streams, rivers, and creeks: Green River, Green Creek, Ostin Creek, Panther Creek, Gadd Creek, Little Fall Creek, Fork Creek, Pulliam Creek, and Laurel Branch. Polk County’s proximity to interstate access makes it a prime location for business. Interstate-26 runs east to west through Polk County. Accessible via US Highway 74 and I26, Interstate-85 is reachable in approximately 30 minutes. Polk County is located within 1.5 hours of the City of Charlotte, home of the CharlotteDouglas International Airport and headquarters of Wachovia Bank and Bank of America. The The City of Asheville, home of the Biltmore Estate, lies less than an hour to the West. in Spartanburg, SC is located approximately30 minutes to the Southwest. Greenville, SC is located approximately one hour south of Polk County.

Local Climate Polk County is located in Zone 7 of the USDA plant hardiness zone map. Elevation in the county range from 720 feet to 3,239 feet so some micro climates exist. In the foothills of the county, many residents successfully grow many Zone 8 shrubs with some winter protection provided. The first frost is normally October 15th and the last frost date is April 20th, giving Polk a 26 week frost free growing season in most years. Average rain fall is 65.31 inches.

Climatological Summary Normal High Temp

Normal Low Temp

Precipitation

January

53°

30.9°

5.22"

February

56.9°

31.8°

5.44"

March

65°

38.6°

6.51"

April

74.7°

46.5°

4.69"

May

80.9°

54.8°

5.89"

June

86.1°

61.4°

5.71"

July

88.4°

65.5°

5.30"

August

87.9°

64.8°

5.91"

September

82.3°

59.4°

5.39"

October

73.5°

47.9°

5.36"

November

63.9°

39.1°

4.77"

December

55.1°

32.3°

5.12"

Month

Source: John Vining, County Extension Director

Workforce Civilian Labor Force Estimates – 2010-2012 Civilian Labor Force Estimates for Polk County Jan Feb Mar Apr

Ma y

Jun e

Jul y

Au Sep Oct g t

No AnnA Dec v v

7.8

0.0

0.0

Jul y

Au Sep Oct g t

LaborForc 937 937 935 933 946 953 956 e 0 1 7 5 5 0 7 Employed

857 858 862 863 872 877 882 2 4 7 3 8 0 5

Unemploy 798 787 730 702 737 760 742 ed Rate%

8.5

8.4

7.8

7.5

7.8

8.0

0.0

0.0

0.0

0.0

2011 Jan Feb Mar Apr

Ma y

Jun e

No AnnA Dec v v

LaborForc 933 935 942 933 941 946 949 945 939 947 941 937 e 9 5 8 0 6 0 2 0 5 8 0 8

9411

843 848 862 857 866 866 869 862 860 869 867 860 4 1 3 2 7 9 1 5 6 1 0 8

8611

Unemploy 905 874 805 758 749 791 801 825 789 787 740 770 ed

800

Employed

Rate%

9.7

9.3

8.5

8.1

8.0

8.4

8.4

8.7

8.4

8.3

Jul y

Au Sep Oct g t

7.9

8.2

8.5

2010 Jan Feb Mar Apr

Ma y

Jun e

No AnnA Dec v v

LaborForc 943 944 944 953 965 953 966 947 945 947 950 928 e 9 3 2 4 1 7 7 0 6 8 5 3

9492

843 841 846 863 877 865 880 864 868 869 866 848 4 4 1 2 2 3 2 0 3 7 6 8

8612

Unemploy 100 102 981 902 879 884 865 830 773 781 839 795 ed 5 9

880

Employed

Rate%

10. 6

10. 9

10. 4

9.5

9.1

9.3

8.9

8.8

8.2

8.2

8.8

8.6

9.3

Industries providing employment: Manufacturing (23.0%), Educational, health and social services (18.4%), Retail trade (10.6%), Construction (10.1%). Type of workers:    

Private wage or salary: 74% Government: 14% Self-employed, not incorporated: 11% Unpaid family work: 0%

DEMOGRAPHICS PROFILE Races in Polk County, North Carolina:   

White Non-Hispanic Alone (89.6%) Black Non-Hispanic Alone (5.5%) Hispanic or Latino (4.1%)

Median resident age:

44.9 years

North Carolina median age:

Males: 8,692 Females: 9,632

35.3 years

(47.4%) (52.6%)

Average household size: Polk County:

2.3 people

North Carolina:2 people

Estimated median household income in 2009: $40,413 ($36,259 in 1999) This county:

$40413

North Carolina:$43674

Median contract rent in 2009 for apartments: $532 (lower quartile is $377, upper quartile is $942) This county:$532 State:

$568

Estimated median house or condo value in 2009: $182,120 (it was $103,900 in 2000) Polk County:

$182,120

North Carolina:$155,500 Lower value quartile - upper value quartile: $107,519 - $281,101 Mean price in 2009: Detached houses: $289,858 Here: $289,858 State:$218,934

Mobile homes: $85,708 Here: $85,708 State:$45,354 Median monthly housing costs for homes and condos with a mortgage: $1,128 Median monthly housing costs for units without a mortgage: $306 Institutionalized population: 301

Single-family new house construction building permits:            

2000: 121 buildings, average cost: $124,000 2001: 152 buildings, average cost: $126,500 2002: 160 buildings, average cost: $127,200 2003: 197 buildings, average cost: $124,400 2004: 155 buildings, average cost: $129,100 2005: 165 buildings, average cost: $160,600 2006: 191 buildings, average cost: $197,300 2007: 162 buildings, average cost: $215,600 2008: 88 buildings, average cost: $228,900 2009: 51 buildings, average cost: $222,700 2010 39 buildings, average cost: $267,749 2011 41 buildings, average cost: $251,696

Median real estate property taxes paid for housing units with mortgages in 2009: $1,109 (0.6%) Median real estate property taxes paid for housing units with no mortgage in 2009: $1,003 (0.6%)

Percentage of residents living in poverty in 2012: 12.9%

(11.8% for White Non-Hispanic residents, 13.5% for Black residents, 46.4% for Hispanic or Latino residents, 0.0% for American Indian residents, 36.5% for other race residents, 8.3% for two or more races residents) Residents with income below the poverty level in 2009: This county: 10.1% Whole state:12.3% Residents with income below 50% of the poverty level in 2009: This county: 4.2% Whole state:5.5%

Fair market rent in 2006 for a 1-bedroom apartment in Polk County is $467 a month. Fair market rent for a 2-bedroom apartment is $573 a month. Fair market rent for a 3-bedroom apartment is $716 a month.

Current college students: 582 People 25 years of age or older with a high school degree or higher: 80.6% People 25 years of age or older with a bachelor's degree or higher: 25.7% Number of foreign born residents: 685 (43% naturalized citizens) Polk County:3.7% Whole state: 5.3%

Mean travel time to work (commute): 26.2 minutes Percentage of county residents living and working in this county: 50.3%

EDUCATION & TRAINING Polk County Schools Polk County Board of Education Geoffrey M. Tennant, Chairman Sherry H. Page, Vice Chairman Lucinda T. Allen Richard N Covil Judy N Jackson

Melanie B. Talbot James W. Cowan Phillip Feagan, Attorney

Polk County Schools is a public school system in western North Carolina serving approximately 2,500 students from pre-kindergarten through grade 12. Our seven schools include one early college, one high school, one middle school and four elementary schools. Students have access to a variety of comprehensive educational programming including Advanced Placements, Career and Technical classes and resource programs for students with special needs. Our Early College program allows students to earn up to two years of college credit and a high school diploma upon completion of the five year program. Test scores for students in grades 3-12 consistently rank among the top of both state and national averages. All of the system’s schools historically meet or exceed both state and federal accountability standards and did so for the 2010-2011 academic year. The teacher/student ratio is among the lowest in North Carolina. Polk County’s dropout rate is among the lowest in North Carolina and we have received recognition for three consecutive years for having one of the top-ten graduation rates in the state. US News & World Report named Polk County High School a Bronze Medal School in its November 2007 report on America’s Best High Schools. Two of our elementary schools, Sunny View and Tryon, were named National Blue Ribbon Schools by the US Department of Education.

Additional School Statistics Graduation Rate (2010) Per Student Expenditures K-12 (2010) Asian Students Passing End of Grade Exams (2010) Percent With a Bachelor's Degree or Higher (2009) Black Students Passing End of Grade Exams (2010) Hispanic Students Passing End of Grade Exams (2010) Percent With High School Diploma (2005-2009) Percent With Less Than High School Diploma (2009) Students Passing End of Grade Exams (2010) White Students Passing End of Grade Exams (2010)

87.2% $10,117 * 25% 65.3% 69.1% 30% 18% 70% 90%

Public Schools Polk County School

Address

City,Zip

School Type/Calendar

Grade Range

Polk Central

2141 South NC9 Hwy

Mill Spring , 28756 9771

Regular School, Traditional Calendar

PK-5

Polk County Early College

51 Walker Street

Columbus , 28722

Regular School, Traditional Calendar

9-13

Polk County High

1681 East NC 108 Hwy

Columbus , 28722 9757

Regular School, Traditional Calendar

9-12

Polk County Middle

321 Wolverine Trail

Mill Spring , 28756

Regular School, Traditional Calendar

6-8

Saluda Elementary

214 E Main Street

Saluda , 28773 0127

Regular School, Traditional Calendar

PK-5

Sunny View Elementary

86 Sunny View School Road

Mill Spring , 28756 9699

Regular School, Traditional Calendar

PK-5

Tryon Elementary

100 School Place

Tryon , 28782 2941

Regular School, Traditional Calendar

PK-5

All POLK COUNTY SCHOOLS Indicators

Average SAT Scores (Number out of 1600) Showing most recent 5 years; Show All Years

2007

2008

2009

2010

2011

1,040

1,036

1,012

1,034

995

2002

2003

2004

2005

2006

1,035

1,063

1,029

1,063

1,010

1997

1998

1999

2000

2001

981

1,022

985

973

978

1995

1996

923

988

Four-Year Cohort Graduation Rate (Percent) Showing most recent 5 years; Show All Years

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

82.0%

76.6%

82.1%

86.0%

87.2%

2005-2006

Per Pupil Expenditures (Currency) Showing most recent 5 years; Show All Years

Category

Total

Federal

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

$9,125

$9,849

$9,540

$9,604

$9,650

$557

$584

$646

$1,094

$985

State

$6,305

$6,662

$6,895

$6,361

$6,307

Local

$2,263

$2,602

$1,999

$2,149

$2,358

2001-2002

2002-2003

2003-2004

2004-2005

2005-2006

$7,077

$7,392

$7,895

$8,345

$8,516

$222

$384

$803

$636

$520

State

$5,317

$5,286

$5,362

$5,766

$5,827

Local

$1,538

$1,722

$1,729

$1,943

$2,168

1996-1997

1997-1998

1998-1999

1999-2000

2000-2001

$5,691

$6,163

$6,416

$6,691

$6,953

$194

$215

$234

$262

$264

State

$4,211

$4,599

$4,749

$5,006

$5,257

Local

$1,286

$1,349

$1,434

$1,423

$1,432

Category Total Federal

Category Total Federal

Category

1994-1995

1995-1996

$5,444

$5,322

$237

$214

State

$4,164

$3,997

Local

$1,043

$1,112

Total Federal

Percent of Students enrolled in Free and Reduced Lunch (Percent) Showing most recent 5 years; Show All Years

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

50.1%

47.8%

51.6%

58.7%

56.6%

2000-2001

2002-2003

2003-2004

2004-2005

2005-2006

46.9%

40.8%

44.8%

43.9%

47.1%

1998-1999

1999-2000

33.3%

35.4%

Short-term Suspensions (Rate per 1,000)

2003

2004

2005

2007

87

92

46

14

Student Enrollment: Average Daily Membership (Number) Showing most recent 5 years; Show All Years

2006-2007

2007-2008

2008-2009

2009-2010

2010-2011

2,399

2,457

2,444

2,363

2,331

2003-2004

2004-2005

2005-2006

2,388

2,396

2,451

Source: NC Dept. of Public Instruction – Statistical Profile for 2009

Non-Public Schools in Polk County – 2009-2010 There are no private schools in Polk County. Private schools can be found in neighboring Spartanburg Co (SC), Greenville County (SC), Henderson County, Rutherford County. Source: State of North Carolina Dept. of Admin., Division of Non-Public Education, 2010 Directory of Non-Public Schools

Colleges and Universities within 50 miles of Polk County UniversityOfNorthCarolinaatAsheville

3499

FurmanUniversity,GreenvilleSC

2958

WoffordCollege,Spartanburg,SC

1197

1308

3218

MarsHillCollege,MarsHill,NC

LimestoneCollege,

NorthGreenvilleUniversity

1844

UniversityOfSouthCarolinaUpstate,Spartanburg,SC

4484

ConverseCollege,Spartanburg1200 CommunityColleges/Technical–VocationalSchools IsothermalCommunityCollege‐Columbus1050 IsothermalCommunityCollege‐Spindale5808 (Public) SpartanburgMethodistCollege790 (Privatenot‐for‐profit) SpartanburgCommunityCollege5749 (Public) SouthCollege–Asheville222 (Privatefor‐profit) ITTTechnicalInstitute‐Greenville555 (Private,for‐profit) Brown‐MackieCollege‐Greenville679 (Privatefor‐profit) GreenvilleTechnicalCollege‐Greenville13,411 (Public) VirginiaCollege‐Greenville858 (Privatefor‐profit) McDowellCo.CommunityCollege1518 (Public) ClevelandCo.CommunityCollege4029 (Public) HaywoodCo.CommunityCollege2489 (Public) WesternPiedmontCommunityCollege,Morganton3191 (Public) Univ.ofSouthCarolina‐Union523 (Public)

Source: NC Community College System – Annual Statistical Report, 2010-2011; USNews.com – Americas Best Colleges 2011

Isothermal Community College Founded in 1964, Isothermal Community College serves Rutherford and Polk counties in the foothills of western North Carolina. ICC’s Polk County program was initiated in 1967 with classes meeting at various locations throughout the county. A permanent site for the campus became available in October 1982 when the Polk County Commissioners granted the college 10 1/2 acres near St. Luke’s Hospital. This new site was dedicated on July 25, 1983 and construction of the new facility was completed in the fall of 1989. ICC’s Polk Center provides occupational training in Nurse Aide and Allied Health including Therapeutic Massage as well as Fire and Rescue, Law Enforcement and EMS/EMT Emergency Services training. The center also offers a wide range of personal enrichment classes in Computers, Creative Arts & Literature, Health & Happiness, History & Current Events, Foreign Language, Agriculture and more. Future plans include a Heritage Crafts Program developed in collaboration with Tryon Arts and Crafts School. Honoring the longtime tradition of handcrafts in the region, the program will provide training in the entrepreneurial skills needed to start and manage a craft business along with hands-on studio training in a specific craft such as woodworking, forge or fiber arts.

Business & Industry Industry Composition – 2010 Industry NAICS Code No of Firms Annual Average Employment Total All Industries (excluding Government)

Source: Employment Security Commission of North Carolina

Top Employers in Polk County – All Industries (as of 4th quarter 2011) Polk County Schools St. Luke’s Hospital Tryon Estates Polk County Government White Oak Manor Autumn Care Laurelhurst Hatch plant / Milliken Carolina Yarn Processors Timken Inc.

450 352 250 225 135 103 60 60 51 35

Source: Tryon Daily Bulletin survey 12-21-2011 Source: Employment Security Commission of North Carolina

Financial Institutions Banks - Main Branches Bank of America (2 locations) Tryon and Columbus www.bankofamerica.com Carolina First Macon Bank Mountain First State Employees Credit Union TD Bank Tryon Federal Wells Fargo

Credit Unions State Employees' Credit Union

5-year Industry Employment Transition: 2005-2010 2005 2010 Change % Change Agriculture Forestry Fishing & Hunting 127 107 -20 -15.75% Utilities 433 334 -99 -22.86% Construction 2,785 2,517 -268 -9.62% Manufacturing 28,519 21,276 -7,243 -25.40% Wholesale Trade 3,963 3,684 -279 -7.04% Retail Trade 10239 9230 -1,009 -9.85% Transportation and Warehousing 3847 3609 -238 -6.19% Information 567 572 5 0.88% Finance and Insurance 1,456 1,272 -184 -12.64% Real Estate and Rental and Leasing 562 504 -58 -10.32% Professional and Technical Services 1,396 1,543 147 10.53% Management of Companies and Enterprises 1,774 1,918 144 8.12% Administrative and Waste Services 4763 4195 -568 -11.93% Educational Services 4,809 4,973 164 3.41% Health Care and Social Assistance 9,050 9,548 498 5.50% Arts Entertainment and Recreation 856 823 -33 -3.86% Accommodation and Food Services 6,424 6,174 -250 -3.89% Other Services Ex. Public Admin 1670 1497 -173 -10.36% Public Administration 2990 3263 273 9.13% Source: Employment Security Commission of North Carolina

Government & Taxes County & Municipal Administrative Locations Polk County 828-894-3301 www.polknc.org

Town of Columbus 828-894-8236 www.columbusnc.com Town of Saluda 828-749-2581 www.cityofsaludanc.com City of Tryon 828-859-6655 www.tryon-nc.com

Polk County Departmental Phone List DEPARTMENT

NAME

PHONE‐W

E‐MAIL

AgriculturalEconomicDevelopment

LynnSprague

894‐2281

[emailprotected]

BoardofElections

DaleEdwards

894‐8181

[emailprotected]

KarenLawrence

859‐5914

[emailprotected]

Communications

DianneRickman

894‐8303

[emailprotected]

SteveJones

894‐3739

[emailprotected]

DanBolt

[emailprotected]

MarshaGillespie

[emailprotected]

JohnVining

894‐8218

[emailprotected]

SarahGottfried

sarah_gottfried&ncsu.edu

JimmiBuell

[emailprotected]

HelenClark

[emailprotected]

‐CountyExtensionSecretary

DotMcClintock

[emailprotected]

EMS/EmergencyManagement

SandraHalford

894‐3067

[emailprotected]

Economic&TourismDevelopment(ETDC)

LibbieJohnson

894‐2895

[emailprotected]

Finance

SandraHughes

894‐3302

[emailprotected]

SueSeyfarth

[emailprotected]

EstherLail

[emailprotected]

LibbyScruggs

[emailprotected]

894‐8271

ChuckHitch

894‐3158

[emailprotected]

Library

CindyNanney

894‐8055

[emailprotected]

‐AssociateForPublicServices

SharonSpurlin

894‐2933

sspurlin@polklibrary.org

CommunityDevelopment

CooperativeExtension ‐AdministrativeSecretary ‐Family&ConsumerSciencesExt.Agent ‐Assist.Ag.ExtensionAgent ‐4‐HProgramAssist.

HealthDepartment Jail

ManagementInformationSystems

MarchePittman

894‐6129

[emailprotected]

DavidWeisgerber

[emailprotected]

BruceYelton

[emailprotected]

TheMeetingPlace

PamDoty

894‐0001

[emailprotected]

Planning

CathyRuth

894‐2732

[emailprotected]

Ange’High

[emailprotected]

MickeyEdwards

894‐5350

[emailprotected]

JeffReid

PattyAldred

894‐8199

[emailprotected]

SheilaWhitmire

894‐8450

[emailprotected]

SheilaFord

[emailprotected]

LoriChampion

[emailprotected]

DonaldHill

894‐3001

[emailprotected]

KimPack

[emailprotected]

SocialServices

LouParton

894‐2100

[emailprotected]

‐AdministrativeAssistantII

JulieHorne

[emailprotected]

PallasEdwards

[emailprotected]

‐SocialWorkSupervisorIII

KimWilson

[emailprotected]

‐SocialWorkSupervisorIII

JackieJohnson

[emailprotected]

SandraReid

894‐8550

[emailprotected]

NealHall

894‐3737

JoeyCabaniss

894‐8954

[emailprotected]

RitaNichols

[emailprotected]

MelissaBowlin

894‐8500

[emailprotected]

PublicBuildingsCC Recreation RegisterofDeeds

Sheriff ‐AdministrativeAssistant

‐IncomeMaintenanceSupervisorII

SoilAndWater SolidWaste TaxAssessorsOffice TaxCollector

DEPARTMENT

NAME

PHONE‐W

E‐MAIL

MelindaYoung

894‐2324

[emailprotected]

DianneTimberlake

894‐8203

[emailprotected]

TracyWaters

[emailprotected]

JoyceMcCraw

[emailprotected]

TenaReid

[emailprotected]

VeteransServiceOffice

DarrelMoore

894‐0003

[emailprotected]

CountyManager

RyanWhitson

894‐3301

[emailprotected]

BethFehrmann

[emailprotected]

DianneTimberlake

[emailprotected]

RayGasperson

[emailprotected]

RenéeMcDermott

[emailprotected]

TedOwens

[emailprotected]

TomPack

[emailprotected]

CindyWalker

[emailprotected]

PamHyder

894‐8231

[emailprotected]

Tourism Transportation

‐ClerktotheBoard,Asst.toCounty Mgr. ‐AdministrativeAssistantII CountyCommissioners

ClerkOfCourt

Polk County and Municipality Public Safety Police/Sheriff Departments Polk County Sheriff’s Department 828-894-3001 Town of Columbus Police Department 828-894-5464 Town of Saluda Police Department 828-749-2691 Town of Tryon Police Department 828-859-9195 Fire Departments Polk County Fire Marshall’s Office 828-894-3067 Polk County, Municipal, and Fire District Property Tax Rates – 2011-2012 Taxing Authority $ per $100 Valuation Polk County $0.52 Town of Columbus $0.52 Town of Tryon $0.48 Town of Saluda $0.46 Tax Rate

The combined sales tax rate for Polk County, NC is 7.00 percent. The State of North Carolina receives 4.75 percent and Polk County receives 2.25 percent.

North Carolina Taxes

Corporate Income Tax: A flat rate of 6.9% of net income is allocable to the state. For years 2009 and 2010, corporations subject to corporate income tax must pay an income tax surcharge of 3 percent on their North Carolina income tax due before deducting any tax credits or payments. Sales & Use Tax: 4.75% statewide with a local rate of 2.25% (combined 7% tax is not applicable to raw materials, containers, labels, packaging and shipping materials). Franchise Tax: $1.50 per $1,000 and is applied to the greatest base determined as set forth in the law. Inventory Tax: North Carolina does not impose an inventory tax. Property Tax: North Carolina does not impose a state property tax. Subject to local rates (Please see local rates on page 62.)

Electricity: Beginning July 1, 2010, there is a full exemption on sales and use tax for fuel and electricity sold to a manufacturer for use in connection with the operation of a manufacturing facility. Natural Gas: 2.83% Telephone Service: 3% local; 6% intrastate; $50,000 cap applies for call center operations Unemployment Insurance Rate: Average tax rate of $200.40; Employers rate 0.00% to 6.84%; Taxable base $19,300 Individual Income Tax Rates: NC Personal Income Tax (filing as single) 6% on 1st $12,750; 7% on next $47,250; 7.75% on remainder Standard Deduction Single $3,000; Joint $6,000 Personal Exemptions Single $1,500; Dependents $1,500 Income Tax Surcharge for years 2009 and 2010: Individuals who meet certain income requirements will pay a surtax on the amount of tax they owe before any withholding, payments or credits, as shown on Line 14 of the D-400 Individual Tax Return. Surcharge Percentage Table Filing Status NC Taxable Income shown on Line 13 Surtax percentage Married Filing Jointly/Surviving Spouse More than $100,000 up to $250,000 2% Married Filing Jointly/Surviving Spouse More than $250,000 3% Head of Household More than $80,000 up to $200,000 2% Head of Household More than $200,000 3% Single More than $60,000 up to $150,000 2% Single More than $150,000 3% Married Filing Separately More than $50,000 up to $125,000 2% Married Filing Separately More than $125,000 3% For example, if your filing status is “married filing jointly” and your North Carolina taxable income shown on Line 13 of Form D-400 is $150,000, you would compute your “regular” state income tax on Line 14 and then multiply that amount by 2 percent. The result would be added to your “regular” tax on Line 14 to give you your total tax liability. Then you subtract credits, withholding, payments, etc., to find out if you are due a refund or if you have to pay any additional tax. Note: there is no penalty (interest) for underpayment of estimated tax if the underpayment is because of the surtax Source: NC Department of Commerce

Incentives State and Federal Incentive Programs

Article 3J Credits: Article 3J provides two types of tax credits to eligible taxpayers that undertake qualifying activities in North Carolina. 1. Credit for Creating Jobs: Eligible taxpayers that meet a minimum threshold of new fulltime jobs created during the taxable year may claim a credit for each new job created. The credit is taken in equal installments over four years following the year the jobs are created. The job threshold and the credit amount per job are determined by the tier designation of the county in which the jobs are created. Currently for Polk County, 10 jobs must be created paying at or above the wage standard of $563/week to qualify for tax credits equaling $5,000 per new job created. 2. Credit for Investing in Business Property: Eligible taxpayers may claim a credit based on a percentage of the cost of capitalized tangible personal property that is placed in service during the taxable year, in excess of an applicable threshold. This credit is taken in equal installments over four years, beginning the year after the property is first placed in service. The current threshold for Polk County is $1million and the credit percentage is 5%. Job Development Investment Grant: Provides a percentage up to 75% (designated by the Economic Incentive Committee) of employee state income tax receipts per full-time job created, for approximately 10 years. The employee salary must meet the average wage standard of $625 per week and the company must provide health insurance. There are a limited number of grants given each year and each request must be approved first by the NC Department of Commerce and second by the Economic Investment Committee for businesses. One NC Fund: Provides funds for the purchase of equipment, structural repairs, improvements or renovations of existing buildings, for expansion and construction of or improvements to new or existing water, sewer, gas or electric utility distribution lines, or equipment for existing buildings. Moneys may also be used for construction of or improvements to new or existing water, sewer, gas or electric utility distribution lines, or equipment to serve new or proposed industrial buildings used for manufacturing and industrial operations. Funding is provided at the discretion of the Governor, usually provided on an amount for each full-time job created, which is determined by the NC Department of Commerce and the Governor. Factors considered include economic impact, strategic importance to the state, region or locality, quality of jobs, quality of industry and project, and environmental impact. Community Development Block Grant: Provides funding for infrastructure such as water, sewer and roads for businesses committed to a site.* In Polk County CDBG provides $12,000 per each full-time job created by businesses that qualify for the Article 3J Credits and $7,500 per job for businesses that do not qualify for the Article 3J Credits. The cap is $1,000,000 and it requires a 25% local match. In addition, the business must agree to hire 60% of employees from previously low to moderate-income levels, which is $29,000, or less. *site must be outside of the city limits of Hickory. (Hickory is an entitlement city and runs their own CDBG program)

Economic Development Administration: Provides up to 50% funding for water, sewer and road infrastructure for businesses plus 10% presumed benefit. Polk County Fact Book 66

State and Federal Incentive Programs (continued)

Local Government Incentives: These incentives at the municipality and county levels are negotiated on a case by case basis. These incentives typically are based upon job creation, including wage rate, investment in real property and machinery and equipment and the type and general description (NAICS) of the business. Incentives typically involve granting an amount equal to a percentage of the property tax to the business and/or property and inkind infrastructure improvements. Each municipality may, on a case-by-case basis, consider annexation, alter or waive fees or implement special measures to attract or retain businesses in their municipality city limits. In addition, Polk County has a policy that provides for the extension of water and sewer lines outside of municipalities. The county fronts 100% of the costs with the participating city repaying 75% of the loan with no interest. Each municipality has its own policies in providing city services. Industrial Revenue Bonds: Industrial revenue bonds are issued by a governmental entity which borrows money and uses the loan proceeds to finance a manufacturing plant or other facility for a specific private company. The governmental entity uses the company’s loan repayments to retire the bonds. The principal amount may not exceed $20 million on federal bonds, state bonds do not have a principal cap. Typically, the interest rates on IRB loans are lower than the current market rate. Community College Customized Training Programs: The program trains workers for any new or expanding business that has created at least twelve new jobs. The program pays the instructors wages and travel costs, for classroom materials and for the use of the training facility. Department of Transportation Rail Industrial Access Program: Provides funding for a portion of the cost of constructing or refurbishing spur tracks to new or expanded industrial facilities. The funded portion is between 35% and 50% of eligible project costs, with percentage funded determined by project’s score in an economic benefit point system that credits jobs created, capital investment, number of rail carloads to be generated, and whether project is in a distressed county or will preserve a short line railroad. Program will fund site preparation, track construction, switches, and grade crossings and signals. Will not fund engineering, utility relocation, right-of-way relocation or rail docks. Department of Transportation Site Access Fund: Provides funding for the construction of roads to new industrial facilities that also qualify for the Lee Act. Departmental policies provide that the number of employees at the facility and the amount of truck traffic to and from the facility will be primary justifications for assistance. On-The-Job-Training (OJT): OJT is a federally funded activity through the Workforce Investment Act that can reimburse employers up to 50% of an employee’s wages during his/her training. It is designed to give unemployed or under-employed workers the opportunity to learn valuable new sills beneficial to the workforce. OJT encourages employers to provide the training and allows for monetary incentives to help compensate for training time and cost. Incumbent Workforce Development Grant: Program provides funding to established North Carolina businesses to provide educational and skills training for current workers. It is designed to benefit business by enhancing the skills of employees, thereby increasing employee productivity and the potential for company growth. Maximum funding for any project is $37,500. The business must state that is it not eligible for or has exhausted efforts to secure funding through existing incumbent worker training programs in the North Carolina Community College System, or the university system, such as the New and Expanding Industries Program and the Focused Industrial Training Program.

Tax Incentives for Datacenters and Internet Datacenters: Data Centers: Certain datacenters are exempt from sales tax in North Carolina. Instead, a privilege tax of 1% (up to a maximum of $80/article) is imposed on capital purchases, made before July 1, 2015, of qualifying machinery or equipment located and used at the datacenter, including: (i) equipment cooling systems; (ii) hardware for distributed and mainframe computers and servers; (iii) data storage devices; (iv) network connectivity equipment and peripheral components and systems; and (v) machinery or equipment related to the generation, transformation, transmission, distribution, or management of electricity. A datacenter is eligible for the tax exemption described above if it is a facility that provides infrastructure for hosting or data processing services. The facility must also meet certain power and cooling system requirements to be eligible, as set forth in N.C.G.S. § 105- 164.3(5c). There is a minimum investment depending on where the facility is located – for facilities located in a “Tier 1” area, a $150 million investment is required, otherwise, a $225 million investment is required (Exhibit 1 to this Summary shows a map of the North Carolina Department of Commerce’s 2010 County Tier Designations). The investment must be in improvements to real property and/or installed machinery or equipment, and be completed within five years of the date of the first qualifying improvement. The company must also meet certain wage and health insurance standards. If the owner of a datacenter (which includes an entity that is owned by or under common control with the owner of the datacenter) places a second datacenter into service within five years after the first datacenter is placed into service, it is eligible for the same tax exemption. To qualify, the two datacenters must be linked through a fiber-optic or similar connection and there must be a minimum investment of $75 million in real property and/or installed machinery or equipment in the second datacenter. The company must also meet certain wage and health insurance standards for the second datacenter. Internet Datacenters Eligible business property located and used at an eligible Internet datacenter is exempt from sales tax in North Carolina (and is not subject to the 1% privilege tax). (N.C.G.S. § 105- 187.51C(b)) “Eligible business property” is that which is capitalized for tax purposes under the Internal Revenue Code and is used either: (i) for the provision of a service included in the business of the primary user of the datacenter, including equipment cooling systems for managing the performance of the property; (ii) for the generation, transformation, transmission, distribution, or management of electricity, including exterior substations and other business personal property used for these purposes; or (iii) to provide related computer engineering or computer science research. (N.C.G.S. § 105-164.13(55)) Sales of electricity for use at an eligible Internet datacenter are also exempt from sales tax in NC.

State and Federal Incentive Programs (continued)

An Internet datacenter is eligible for the tax exemptions described above if it is a facility that is used primarily by a business engaged in software publishing (NAICS industry code 51120) or Internet activities (NAICS industry code 519130). It must also be located in a “Tier 1” or “Tier 2” area, as determined by the North Carolina Department of Commerce (see Exhibit 1). The company must invest a minimum of $250 million in real property and/or eligible business property within five years after the commencement of construction of the facility. The facility must also be comprised of a structure or series of structures located on a single or contiguous parcels of land that are commonly owned or owned by affiliation with the operator of that facility.

Calculation of Corporate Income Tax for Capital-Intensive Businesses in NC A. Calculating Corporate Income Tax Liability for Capital-Intensive Businesses In June 2009, the North Carolina General Assembly amended a law to encourage the location and expansion of certain capital-intensive businesses in North Carolina. Under the new law, certain capital-intensive businesses may qualify for a benefit that could allow them to pay significantly less income tax in North Carolina. Subsequent to the passage of this law, Apple Inc. selected North Carolina as the location for a new datacenter. For a corporation that is taxable both within North Carolina and elsewhere, the State of North Carolina taxes a fraction of the corporation’s income based on a formula that takes into account the company’s amount of sales, payroll, and property it maintains within North Carolina. The amount of income that must be apportioned to North Carolina is based on a four-factor apportionment formula. The formula is the sum of the property factor, the payroll factor, and twice the sales factor, which is then divided by four. For eligible capital-intensive corporations, beginning with the January 1, 2010 tax year and expiring on January 1, 2019, the amount of income that must be apportioned to North Carolina for income tax computation will be calculated solely based on the company’s sales factor. This could benefit a capital-intensive corporation with low sales in North Carolina, as compared to the property and payroll it maintains in North Carolina. B. Definition of Eligible Capital-Intensive Corporations An eligible “capital-intensive” corporation is one that has invested, or is expected to invest, at least $1 billion to construct a facility in North Carolina within nine years after construction begins. The facility must be located in a “Tier 1” or “Tier 2” area, as determined by the North Carolina Department of Commerce (Polk County is a “Tier 2” county). It must also maintain the average number of employees it had at the facility during the first two years after the facility is placed in service throughout the remaining time in which the corporation must complete the $1 billion investment. The company must also meet certain wage and health insurance standards.

Local Incentives New and expanding businesses in Our Polk are eligible for an economic development incentive grant on a project by project basis as outlined in the guidelines below adopted by the Polk County Board of Commissioners. (North Carolina General Statutes §158-7.1) Industrial Guideline Principals These Economic Development Incentive (EDI) guidelines are based upon (and any EDI arrangement with a new or existing company must be in compliance with) sound public policy principles, which at a minimum include: 

Any EDI grants must provide the County a high return on investment, taking into account tax revenues of the business or industrial project over a ten year period from the date of the start-up of the project. N.C. General Statutes §158-7.1(d2).

Any EDI grant must be preceded by an agreement with the company involved, binding it to minimum levels of capital investment and quality job creation, and providing for penalties and/or reductions in amounts of forward funded grants, in the event that it fails to meet these minimum required levels. N.C. General Statutes §1587.1(d2)(2).

Investments of County funds by way of EDI grants shall be in items which leave value in the County in the event of a curtailment or closure of the operations within the business or industrial facility, such as site acquisition, site preparation, internal infrastructure, job training, etc.

It must be competitively necessary in the judgment of the Board of Commissioners to provide such incentives in order to induce that project to locate or expand in the County.

The bedrock of the County’s economy is the businesses and industries already located in the County. Consequently, the terms and application of the EDI policy are to result in existing businesses and industries receiving consideration for grants that are on terms equal to or better than those available to a company considering locating its first facility in the County.

EDI Program Parameters Each project will be considered on a project-by-project basis, using these guidelines recommended to the Board of Commissioners. These guidelines shall be subject to periodic review and may be modified, amended or terminated, by the Board of Commissioners due to changed economic conditions or competitive consideration. In the event of any modification, amendment or termination, EDI grants to which the County previously committed will not be affected.

Transportation Major Highways

North Carolina North Carolina has the second-largest state-maintained highway system in the nation, incorporating over 78,615 miles of highways. North Carolina is intersected by five major interstate highways – Interstates 26, 40, 77, 85, & 95. Same-day access is available to all US Eastern Markets.

Major Highways Polk County 

Interstate26

U.S.Highway74

U.S.Highway176

NCHighway108

N.C.Highway9

Interstate 26 runs east to west through Polk County. Interstate 85 is accessible within one-half hour via Interstate 26 East. Two US Highways intersect Polk County – US Highways 74 and 176 Two State Highways run through Polk County – State Highways 9 and 108

Commuting Patterns & Traffic Counts

Traffic Counts along Interstate 26 through Polk County range from 25,000 vehicles daily to 32,000 vehicles daily depending upon the point of measurement. For traffic counts for a specific location, please contact our office. Source: NC Dept of Transportation

Airports

North Carolina

North Carolina has 74 publicly owned airports and nearly 300 privately owned airports. Nine airports have regularly scheduled airline service and four are international. More than 35 million passengers fly to and from North Carolina each year and more than 800 million pounds of airfreight originate annually n the state. There are four airline hub operations in North Carolina (USAirways and CCAir in Charlotte; Midway and Corporate Airlines in Raleigh).

Charlotte/Douglas International Airport Aviation Director's Office 5501 Josh Birmingham Parkway Charlotte, NC 28208 (704) 359-4000 http://www.charmeck.org/Departments/airport/home.htm

Located near the border of North and South Carolina, Charlotte Douglas International serves as a gateway to the world for the Charlotte Region. Owned and operated by the City of Charlotte, Charlotte Douglas averages 644 daily departures, serving over 34 million passengers annually. The airport is ranked among the nation's top airports and serves commercial, cargo, corporate, private, military and trucking operations. With nonstop service to 134 destinations, Charlotte/Douglas International Airport is the 8th largest major airline hub in the Nation and offers daily nonstop service to London, Paris, Frankfurt, and Munich. Polk County Greenville Spartanburg International Airport Add description Asheville Airport add description Private: St. Lukes Hospital Heliport – 9NC5 220 Hospital Drive Columbus, NC 28722 828-894-3311 Facility Usage: Private

Railways

North Carolina Two major freight railroads (CSX and Norfolk Southern) and 23 smaller private railroad companies operate in North Carolina, transporting more than 116 million tons of rail freight through the state each year. North Carolina commodities shipped by rail include: lumber, wood and food products, coal, glass, stone, pulp, paper, chemicals, manufacturing and farming products. Polk County Norfolk Southern Corporation Three Commercial Place Norfolk, Va. 23510-9227 (757) 629-2600

Norfolk Southern Corporation is a Norfolk, VA-based company that controls a major freight railroad, Norfolk Southern Railway Company. The railway operates approximately 21,300 route miles in 22 eastern states, the District of Columbia and Ontario, Canada, serves all major eastern ports and connects with rail partners in the West and Canada, linking customers to markets around the world. Norfolk Southern provides comprehensive logistics services and offers the most extensive intermodal network in the East.

North Carolina State Ports Port of Morehead City

Facilities

Four miles from the open sea Situated along the Newport River and Bogue Sound 5,500 ft. of continuous wharf

Two berths served by modern ship-loader and maximum load out rate of 3,000 tons per hour of bulk cargo Dry-bulk facility (used mainly for phosphate) with 225,000-ton capacity warehouse, conveyor system and ship loader Open storage dry-bulk facility which can out load 1,000 tons per hour with a 2 million-ton annual capacity Concrete capped sheet pile bulkhead, solid fill with 1,000 psf concrete deck with rubber and/or timber fender system Deck height averages 10 ft. above mean low water Apron widths from unrestricted to 45 ft. opposite transit sheds Roll-on/Roll-off ramp Well-lighted terminal and 24-h security provided by North Carolina State Certified Port Police Barge Fleeting Area 150 acres available for port industrial development on Radio Island

Tides and Climate

Mean tide range 2.9 ft., current velocities 2 to 3 knots Mild temperatures all year, with rare snow accumulation

Harbor Features (US Army Corps of Engineers Project Dimensions) Ocean bar channel depth of 47 ft. M.L.L.W. and width of 450 ft. Inside harbor channel depth of 45 ft. M.L.L.W. and widths of 400, 600, 775 and 820 ft. East turning basin depth of 45 ft. M.L.L.W. and diameter of 1,420 ft. West turning basin depth of 35 ft. M.L.L.W. and 1,200 ft. radius Depth of 45 ft. M.L.L.W. at NC Ports berths 1, 2 and 3; 35 ft. M.L.L.W. at Berths 4 through 9

Foreign Trade Zone

Two sites approved as Foreign Trade Zone 67 Site One: 190,374 square feet of warehouse space within main terminal Site Two: 40-acre tract of undeveloped land, four miles west of the port Provides for storage, manipulation, exhibition and limited manufacturing operations Can lower, defer or avoid import duties Can accommodate special purpose subzones

Equipment

Two 115-ton capacity gantry cranes One 40 long ton: IHI container crane with 115-foot outreach, 63-foot back reach - equipped with

grapple and bucket Two 30-ton mobile cranes One 140-ton mobile crane 39 lift trucks with 4,000 to 70,000 lb. capacities, including forklifts, trailers, tractors, front-end loaders and portable conveyors Certified truck scale Constant motion rail scale

Staging and Warehousing

457,564 sq. ft. of covered, sprinklered warehouse storage 353,765 sq.ft. of transit shed storage Rail access to warehouses and transit sheds 14 acres of paved, open storage

Railroads/Highways

Switching railroad operated by Carolina Rail Services Norfolk Southern access Berths served by two surface tracks, two platform level tracks, and two depressed tracks at the rear of the transit sheds and covered railcar loading Additional railhead and railcar storage on Radio Island and west of Morehead City

Support

Variety of companies, agents, line handlers, towing companies, chandlers, brokers, bankers, marine repair, construction and international garbage disposal available on or near port All U.S. Customs services U.S. Department of Agriculture Immigration and Naturalization Extensive project shipment capability, including export packing and inventory control Source: North Carolina State Ports Authority, 2008

North Carolina State Ports

(continued) Port of Wilmington Facilities On east bank of Cape Fear River 26 miles from open sea Channel is 42 ft., mean low water Wharf frontage is 6,768 ft. long, divided between container and general cargo operations Concrete pile wharf construction with solid or concrete deck fronted with rubber fender system Deck height averages 12 ft. above mean low water Open storage dry bulk facility which can out load over 800 tons/hr with a 70,000 ton storage capacity Covered dry bulk facility with 2.5-million-cubicfoot storage capacity and import conveyor system

for grain and fertilizers - can handle 1,000 tons/hr Nearly 100 acres available for development north of present terminal Other berths with contiguous open apron areas up to 300 ft. wide Well-lighted terminal and 24-hour security provided by North Carolina State Certified Port Police officers. Tides and Climate Mean tide range 3.8 ft. with tidal currents averaging 1.7 knots (flood), and 1.5 knots (ebb) Mild temperatures year 'round; rare snow accumulation. Harbor Features (Army Corps of Engineers Project Dimensions) Ocean bar channel depth of 44 ft. M.L.L.W. and width of 500 ft. Inside harbor channel depth of 42 ft. M.L.L.W. and width of 500 ft. Anchorage/turning basin depth of 42 ft. M.L.L.W. and diameter of 1,200 ft. Depth of 42 ft. M.L.L.W. at seven NC Ports berths Foreign Trade Zone Entire Terminal designated Foreign Trade Zone 66 Provides for storage, manipulation, exhibition and limited manufacturing operations Can lower, defer or avoid import duties Equipment Four container cranes Two 50 Long Ton: 120-ft. outreach, 103-ft. back reach One 40 Long Ton: 135-ft. outreach, 55-ft. back reach (in operation May 2004) One 40 Long Ton: 115-ft. outreach, 63-ft. back reach One multipurpose bridge crane (bulk, break bulk, container) 40 Long Ton: 115-ft. outreach, 63-ft. back reach Two gantry cranes One 150-ton capacity; One 100-ton capacity Two 30-ton mobile cranes 65 lift trucks with 3,000 to 52,000 lb. capacities and a variety of specialized attachments Nine top-lift container handlers Six yard-hustler trucks Neutral chassis pool 3 truck scales – weigh master on duty 24 hrs/ day Staging and Warehousing Over 1 million sq ft of covered, sprinklered storage Both road and rail access to all storage buildings 100 acres of paved, open area; nearly 25 acres semi-improved open storage area Specialized Warehousing 31,200 sq. ft. dedicated steel coils warehouse with a 30-ton remote control bridge crane Nearly one-half million sq. ft. warehouse space dedicated to forest products, including new 108,000 sq. ft. forest products center Reefer Connections 129 electrical outlets for refrigerated containers Fumigation Two chambers providing vacuum methyl bromide and detia Special covered, in-container fumigation area Railroads/Highways CSX rail service twice daily Easy vehicular access with U.S. Hwys. 17, 74, 76

and 421 and Interstates 95 and 40 Inland svc by CSX Intermodal and Norfolk Southern Connecting rail line, owned and operated by Wilmington Terminal Railroad, with interchanging cars between port and CSX system Equipment for handling all rail traffic, including double-stack trains Roll-on/roll-off capacity at ramps Transit sheds and warehouses with depressed tracks Support Variety of companies, agents, line handlers, towing companies, chandlers, brokers, bankers, marine repair, customized export packing, construction and international garbage disposal available on or near port All U.S. Customs services U.S. Department of Agriculture Immigration and Naturalization Extensive project shipment capability, including export packaging and inventory control Source: North Carolina State Ports Authority, 2008

Intermodal Terminal Network

North Carolina has established two inland terminals as part of an intermodal terminal network. The inland terminals of Charlotte and Greensboro serve as consolidation points for import and export cargo. Connected to the Port of Wilmington by rail and/or trucking service, these inland terminals offer North Carolina companies significant cost savings by combining product shipments to and from the port. Inland Terminals Charlotte Inland Terminal (CIT) 1301 Exchange Street, Charlotte, NC 28208 Telephone: 704-398-2076 or 704-398-2982 Strategically located at the heart of manufacturing and distribution sites in the Southeast. Ability to offer Charlotte bill of lading at lower inland cost. Staging for empty and loaded containers. Pooling of equipment for steamship lines serving Wilmington. Offers customers ease and efficiency of picking up and delivering containers. Documented inspection of containers. Customized reporting, including EDI transfer or direct data. Grounding and mounting service. Sprint Truck Service Eliminates "deadheading"/cost of "bobtail" trip Low fixed rate with no backhaul charge Rail Connections Inland service through CIT to Wilmington is offered by CSX Intermodal and Norfolk Southern Railroad. Convenient access to CSX and Norfolk Southern railheads. Piedmont Triad Inland Terminal (PTIT) 505 Chimney Rock Rd., Greensboro, NC 27409 Telephone: 336-315-7033 FAX: 336-315-7032 Terminal Manager - James Gailey General Strategically located at the heart of manufacturing and distribution sites in the Southeast. Ability to offer Piedmont Triad bill of lading at lower inland cost.

Staging for empty and loaded containers. Pooling of equipment for steamship lines serving Wilmington. Offers customers ease and efficiency of picking up and delivering containers. Documented inspection of containers. Customized reporting, including EDI transfer or direct data. Match Loads between PTIT/Triad area and Wilmington Eliminates "deadheading"/cost of "bobtail" trip Low fixed rate with no backhaul charge Rail Connections Intermodal service through PTIT to Wilmington is offered by CSX Intermodal and Norfolk Southern Railroad. Convenient access to CSX and Norfolk Southern railheads. Source: North Carolina State Ports Authority, 2008 Public Transportation Polk County Transit Authority 828-894-8203 PCTA’s mission is to enhance the provision of rural human service and general public transportation in the Polk County Community. The department is committed to develop an efficient, safe, reliable and convenient rural public transportation program that the Polk County Community can afford with mobility choices and the opportunity to improve their quality of life. PCTA operates, coordinates and dispatches county wide public transportation system. PCTA partners with Polk Vocational Center, Meeting Place, nonprofits, businesses, groups and individuals. Polk County Transportation Authority is free to all residents over 60, however, they do ask for voluntary donations to help supplement costs. There is a minimal user fee for all other residents.

Utilities Utilities in Polk County are provided by various carriers depending upon the location of service. Below is a list that shows, in general terms, the providers for various services in each Polk County municipality. For more specific information on availability of service or rates, please contact the Polk County Economic and Tourism Development Commission.

Electricity Providers Duke Energy 1-800-653-5307 www.duke-energy.com Duke Energy generates and delivers electricity and innovative products and services. We demonstrate our business values in all aspects of our operations and in the way we help our customers, employees, shareholders and communities prosper. At Duke Energy, we’ve been helping the Piedmont region of North and South Carolina grow since 1904. We're committed to providing your business with a continuous flow of service and expertise -– to respond quickly to new opportunities and to help you bring higher quality, greater production and increased efficiencies to your business. As you begin to locate or expand your plant or facility in the Carolinas, we invite you to look to us for expert guidance and customized services. North Carolina Only Index of Rate Schedules Effective February 1, 2012 Electricity Schedule Name Residential Service Residential Service, Electric Water Heating and Space Conditioning Residential Service, Energy Star Residential Service, Time-of-Use Residential Service, Water Heating, Controlled/Sub-metered Small General Service Optional Power Service, Time of Use, General Service Building Construction Service Large General Service Floodlighting Service Outdoor Lighting Service Governmental Lighting Service Street and Public Lighting Service Nonstandard Lighting Service (Pilot) Traffic Signal Service Industrial Service Optional Power Service, Time of Use, Energy-Only (Pilot) Optional Power Service, Time of Use, General Service, High Load Factor Optional Power Service, Time of Use, Industrial Service Hourly Pricing for Incremental Load Parallel Generation

Schedule Designation RS (NC) RE (NC) ES (NC) RT (NC) WC (NC) SGS(NC) OPT-G (NC) BC (NC) LGS (NC) FL (NC) OL (NC) GL (NC) PL (NC) NL (NC) TS (NC) I (NC) OPT-E (NC) OPT-H (NC) OPT-I (NC) HP (NC) PG (NC)

Original or Revised Leaf 30th Revised 31st Revised 14th Revised 29th Revised 30th Revised 8th Revised 9th Revised 29th Revised 7th Revised 32nd Revised 33rd Revised 4th Revised 31st Revised 3rd Revised 28th Revised 35th Revised 3rd Revised 3rd Revised 10th Revised 15th Revised 40th Revised

Fuel Cost Adjustment Rider Energy Efficiency Rider BPM Net Revenues and NFPPT Revenues Adjustment Rider Existing DSM Program Costs Adjustment Rider DSM Deferral Balance Rider Renewable Energy Portfolio Standard Rider Non-Fuel Purchased Power Cost Rider Net Metering Rider Nuclear Insurance Reserve Rider Small Customer Generator Rider Coal Inventory Rider Power Share Nonresidential Load Control Rider Interruptible Power Service Rider Standby Generator Control Rider Economic Development Rider Economic Redevelopment Rider Power Share Call Option Purchased Power, Non-Hydroelectric Purchased Power, Hydroelectric Coastal Demonstration Wind Turbine Project Rider Transformation Discount Summary of Rider Adjustments

EE (NC)

5th Revised

REPS (NC)

2ndRevised

NM (NC)

6th Revised

SCG (NC)

7th Revised

PS (NC)

1st Revised

IS (NC) SG (NC) EC (NC) ER (NC) PSC NC) PP-N (NC) PP-H (NC)

7th Revised 3rd Revised 4th Revised 4th Revised Original 10th Revised 10th Revised

Index of Rate Schedules (NC) continued The following rate schedules are closed and not available to customers or locations not served on these Schedules prior to January 1, 2008 but they remain in effect for customers under continually effective agreements for these Schedules made prior to January 1, 2008. Electricity Schedule Name Small General Service Unmetered Sign Yard Lighting Service Flood Lighting Service

Schedule Designation SG(NC) S(NC) YL(NC) FL-N(NC)

Original or Revised Leaf 9th Revised 8th Revised 8th Revised 8th Revised

Programs not reflected in Rate Schedules or Riders

Original or Revised

Solar Photovoltaic Distributed Generation Program Low Income EE and Weatherization Program Energy Efficiency Education Program Residential Energy Assessment Program Residential Smart Saver® Program for AC Residential Smart Saver® EE Products Residential Retrofit Program Non Residential Energy Assessment Program Non Residential Smart Saver® EE Products Smart Energy Now Residential Energy Management System Program Special Needs Energy Loan Program Remote Meter Reading and Usage Data Service NC Green Power Program NC Renewable Energy Program Carolinas Carbon Offset Program On-Site Generation Service Program

Original Original Original Original Original Original Original Original Original Original Original Original 3rd Revised Original Original 1st Revised 2nd Revised Original

Plug-in Electric Vehicle Charging Station Program

Rutherford Electric Membership Corporation 1-828-584-1410 www.remc.com North Carolina proudly continues to be a leader in domestic and international business and industry expansion. In the area we serve, Rutherford EMC has, since 1937, helped the state earn this well deserved reputation. We are a non-profit cooperative – a retail supplier of electricity to over 57,000 commercial and residential consumers in ten counties. Rutherford EMC’s retail sales of kWh have increased over 20 percent in the last five years – testimony to our energy to get things done. Our best track record is in the quality of our service and our commitment to overall economic growth in the communities where we help people do business and enjoy life. Polk County Fact Book 88

Gas Providers

PSNC www.psncenergy.com 877-776-2427

PSNC knows that businesses large and small count on natural gas to meet a number of needs. For public and private enterprises such as office buildings, schools, churches, hotels, restaurants and government buildings, natural gas provides the energy for space heating, water heating and cooling. Restaurants and other establishments that require cooking facilities count on natural gas, too. The company is committed to helping your business succeed whether a small start-up company or an established commercial enterprise, depend on PSNC for customized and unparalleled level of service to meet your unique needs. Telecommunications Providers Charter Business 1-800-314-7195 www.charter-business.com Charter Communications, Inc. is a leading broadband communications company and the third largest publicly traded cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter Digital Cable video entertainment programming, Charter High-Speed Internet access service, and Charter Telephone services. Charter Business™ similarly provides scalable, tailored and cost-effective broadband communications solutions to business organizations, such as business-to-business internet access, data networking, video and music entertainment services, and business telephone. Charter's advertising sales and production services are sold under the Charter Media brand. Windstream 1-800-843-9214 www.windstream.net Offering business and residential services in Polk County, Windstream is a national provider. Business offerings include data centers, disaster recovery, internet access, voice service, as well as providing for small business and industry, especially financial services, health care, retail, education, government, technology, media and manufacturing. Pangea 828-817-0863 www.pangaea.us Pangaea is an internet service offered by e-Polk, Inc, a non-profit company. Pangaea’s fiber network has expanded more than one hundred sixty miles, serving the major arteries of Polk County.

Quality of Life Polk County offers an exceptional quality of life that contributes to a highly desirable place for business to attract and keep skilled workers with: A moderate climate Culturally rich community in history and the arts World class outdoor activities Wide range of recreational opportunities for all interests Quality health care Low construction cost Low cost of living

Cost of Living Costofliving

Polk,NC

UnitedStates

Overall

96

100

Food

102

100

98

100

103

100

Utilities

Miscellaneous

Our cost of living indices are based on a US average of 100. An amount below 100 means Polk County, NC is cheaper than the US average. A cost of living index above 100 means Polk County, NC is more expensive. Overall, Polk County, NC cost of living is 96.00. Foothills Chamber of Commerce The Foothills Chamber of Commerce serves Polk County and Landrum, SC and focuses on insuring the continuous economic support of local businesses. The Chamber encourages new businesses and industries to locate here while enhancing the quality of life. Programs include sponsoring SCORE, leadership development, After Hours networking events, publishing a Chamber Directory, offering small business grants among other activities. The Chamber sponsors the annual Blue Ridge Barbeque Festival. Sports & Recreation Outdoors sports and recreation is an integral part of Polk’s lifestyle. Sports activities span the spectrum from the mild (tennis, golf, biking, hiking, youth school sports programs) to the extreme (kayaking, mountain climbing, off

road biking, equestrian sports). County sponsored ball parks, trails, pool and tennis courts offer residents many opportunities to get active. Arts & Culture Home to a community theater, a choral society, and a multiple arts organization, Polk County provides an array of artistic and cultural entertainment. The Tryon Little Theatre is the third oldest and one of the largest community theatres in North Carolina. In addition to its productions and educational classes, the Theatre also provides entertainment opportunities ranging from karaoke to a series of movie nights. Like the Tryon Little Theater offers a range of plays and musicals as well as educational classes and other opportunities for youth. The Tryon Little Theater offer productions each year as well. Religion There are more than 55 religious congregations in Polk County representing a variety of Protestant, Catholic and other beliefs. All major protestant religions are represented with the largest number of adherents belonging to the Southern Baptist Convention, the United Methodist Church and the Evangelical Lutheran Church in America. Retail & Shopping Town centers offer a variety of retail outlets. Grocery stores (three major chains), hardware stores, appliance, flooring, clothing boutiques, gift and drug stores all service resident needs. More expansive shopping, including high-end outlets can be found in nearby retail centers of Spartanburg, Hendersonville, Forest City and Asheville. Restaurants Polk County’s more than 50 restaurants represent an extremely wide variety available to suit any taste and budget. Fast food restaurants include McDonalds, Bojangles, Kentucky Fried Chicken, Hardee’s, Taco Bell, Subway, Burger King, Wendy’s. Other restaurant styles include Steak, Chinese, Mexican, Italian. Many inns and lodges also include dining in their facilities.

Housing Availability & Costs Polk County offers a wide range of housing choices. From newly constructed subdivisions, townhomes, and condos to historic homes to a variety of apartment choices, there are numerous available housing options. According to the Sperling’s bestplaces.net, the median cost of a single-family home in 2010 was $168,300. 78.6% (2005-2009) of the population owned their homes. Home appreciation costs in 2010 were -5.31%.

Single-family new house construction building permits:            

2000: 121 buildings, average cost: $124,000 2001: 152 buildings, average cost: $126,500 2002: 160 buildings, average cost: $127,200 2003: 197 buildings, average cost: $124,400 2004: 155 buildings, average cost: $129,100 2005: 165 buildings, average cost: $160,600 2006: 191 buildings, average cost: $197,300 2007: 162 buildings, average cost: $215,600 2008: 88 buildings, average cost: $228,900 2009: 51 buildings, average cost: $222,700 2010: 39 buildings, average cost $267,749 2011: 41 buildings, average cost $251,696

Accommodations With a centrally located mid-priced motel and multiple Bed and Breakfasts, Polk County has a variety of accommodations to meet any taste and budget. Approximately 200 rooms are available at a variety of lodging styles. Additionally, we can boast vacation rentals, adding more than 150 rooms to our inventory.

Health Care St. Luke’s Hospital, Columbus, NC Longrecognizedforproviding“hightouch”healthcare,St.Luke’sHospitalprovidesresidentsof theCarolinaFoothillswith“hightech”servicessuchasalldigitaldiagnosticimagingcapabilities, 24‐hourphysician‐staffedEmergencyDepartment,impressivesurgicalservices,advancements inorthopedicsurgeryandphysicalrehab,exceptionalclinicalcareandrespectfulgeriatric‐ psychiatriccare. St.Luke’sHospitalhasbeenanimportantpartoftheCarolinaFoothills’history,meetingthe healthcareneedsofthisareaformorethan80years.Smallinsize,St.Luke’sHospitalisbigin heartforthepersonalizedcareandcompassionextendedtopatientsandtheirfamilies.The individualizedattentionandteamworkourstaffdisplayincaringforpatientshashelpedSt. Luke’sdispelthemyththatbiggerisbetter.Indeed,St.Luke’sHospitalprovidesexceptional care,closetohome. *FullyaccreditedbyTheJointCommissionandlicensedtooperate25acutecarebedsand10 geriatricpsychiatricbeds *24‐hourphysician‐staffedEmergencyDepartment *AdvancementsinOrthopedicSurgeryandPhysicalRehab,includingphysicaltherapy, occupationaltherapy,speechtherapy,lymphedematherapyandbalancetraining *Exceptionalclinicalcareandattentive,personalizedcareforpatientsintheIntensiveCare Unit,GeneralMedicalSurgicalUnitandtheCenterofBehavioralMedicine * Perioperative services and staff support general surgery, orthopedics, urology, gynecology, dental, ophthalmology, GI diagnostics, infusion treatments, and anesthesia and post-anesthesia care on both an inpatient and outpatient basis *St.Luke’sOutpatientRehabilitationCenterprovidesone‐on‐onetherapeuticcarewith licensedtherapistsusingthelatestexercisetechnology,treatmentmodalitiesandpatient education.ThereisnocaplimitingservicesforMedicarepatients.

*St.Luke’sCenterforBehavioralMedicineprovidescaring,respectfulinpatientcareforadults ages55+whosufferwithmentalhealthissuessuchasdementia,Alzheimer’sordepression. *Ancillaryservicesincludefull‐servicelaboratory,inpatientpharmacyservices,respiratory care,dietarysupportanddigitalimagingservices.ImagesobtainedbyMRI,CTscan,nuclear medicine,mammography,bonedensitometryandgeneralx‐raycanbeviewedfromremote locations. *IndustrialHealth/Pre‐employmentScreenings *Medicalstaffspecializesingeneralandorthopedicsurgery,ophthalmology,familypractice, oncology,internalmedicine,urology,gerontology,psychiatry,gynecology,cardiology, dermatology,dentistry,podiatry,radiology,pathology,emergencymedicine,hospitalmedicine andneurology. *VolunteersthroughtheSt.Luke’sAuxiliarycontributetoprovidespecialservicesandsystem supportthatassistSt.Luke’sinprovidingattentivecareandneededtechnology.Forvolunteer opportunities,pleasecall894‐0895. *St.Luke’sHospitalFoundationprovidestheframeworkforourcommunitytosupportand sustainhealthcareservicesthroughvarioustax‐deductibleprogramsandspecialevents.

Agriculture in Polk County: Average size of farms: 104 acres Average value of agricultural products sold per farm: $17,467 Average value of crops sold per acre for harvested cropland: $627.92 The value of nursery, greenhouse, floriculture, and sod as a percentage of the total market value of agricultural products sold: 37.50% The value of livestock, poultry, and their products as a percentage of the total market value of agricultural products sold: 38.71% Average total farm production expenses per farm: $25,864 Harvested cropland as a percentage of land in farms: 16.33% Irrigated harvested cropland as a percentage of land in farms: 1.29% Average market value of all machinery and equipment per farm: $35,269 The percentage of farms operated by a family or individual: 91.92% Average age of principal farm operators: 55 years Average number of cattle and calves per 100 acres of all land in farms: 10.98 Milk cows as a percentage of all cattle and calves: 7.31% Corn for grain: 9 harvested acres Vegetables: 77 harvested acres Land in orchards: 396 acres

PolkCountywasawardeditsdesignationofaCertifiedEntrepreneurial CommunityinJanuary2012.TheCECstatusisachievedbya communitywithanexceptionalandunwaveringcommitmenttobeing aplaceofeconomicopportunityforentrepreneurs. WhatisaCertifiedEntrepreneurialCommunity? ThebrainchildofAdvantageWestEconomicDevelopmentGroup,aCertifiedEntrepreneurial Community(CEC®)isaneconomicdevelopmentstrategy—aprogramthathelpscommunities (towns,areas,andcounties)becomeentrepreneurready.Thatmeanstheoverallbusiness climate,policies,regulations,andopportunitiestolearnandgrowaresimpletofindand available.Italsomeansthere'sapositive,enthusiasticattitudethatpermeatestheculture. Onethatasks“howcanwehelpyoustartandsucceedatbusiness?”ACertified EntrepreneurialCommunityisoneofeconomicopportunityforentrepreneurs. Thecertificationguaranteesthateverything'sinplace;thatresourcesareeasytofindandthe peoplebehindthemarehelpful,friendly,andeagertohelp.Therearefivestepsintheprocess. Theyinclude:     

assuringthatthecommunityiscommittedtotheprocess assessingthecommunity'scurrententrepreneuriallandscape creatingacomprehensivestrategyforentrepreneurialgrowth marshalingthecommunity'sentrepreneurialresources identifyingandnurturingthecommunity'smostpromisingentrepreneurialtalents

The process requires a team of community leaders—representatives from local government, educators, business people and established entrepreneurs are usually the core team. The process typically takes 18 months to two years. A guidebook developed by AdvantageWest is used to work through these steps. The community is prepared to present when it has completed a comprehensive book detailing all the work above including goals and metrics they set forth on behalf of their respective community. That book and the process are reviewed by a certification review committee made up of leaders from the US Small Business Administration, The NC Small Business and Technology Development Council , Banking and Finance Executive, Venture Capitalist, as well as two entrepreneurial companies and AdvantageWest Board Directors for official certification.

SmallBusinessisGoodBusiness NewBusinessResourceGuide

Althoughnotintendedasastep‐by‐stepguidetooperatingabusiness,thePolkCounty BusinessAssistanceGuidewillhelpdirectyoutoinformationsourcesandagenciesyoumust contactbeforeyoucanopenyourdoorsforbusiness.Thegrowthofsmallandhome‐based businesseshasinitiatedcertainregulationsthatyoumustmeetinconductingbusinessfrom yourhomeorwithincertainareas. Manyresourcesareavailableonthesetopicsatpubliclibraries,publicandprivateagencies, andnonprofitassociationsthatfostersmallbusinessdevelopment,aswellasontheInternet. Wherepossible,thisguideprovidescontactinformationfortheseresources. PolkCountyanditsmunicipalities,Columbus,TryonandSaluda,requirecertainproceduresbe metbeforeopeningabusiness.Onceyouhaveselectedthelegalformofyourbusiness (Proprietorship,PartnershiporCorporation)andthenatureofyourbusiness(Retail,Wholesale, Manufacturing,Service,Agriculture),thenyouareinapositiontocontactthevariousoffices referredtointhisresourceguide.

I.BuildingPermits/Zoning Intheeventthatanynewconstructionisinvolvedinestablishingyourbusiness,youmust obtainapermit.BusinesseslocatedinthecountyshouldcontactthePolkCountyInspections Office.Zoningandsignordinanceinformationmayalsobeobtainedthroughthisoffice.New businessesmovingintoexistingbuildingswillrequireapermitforchangeofuse.Home occupationswillrequireapermit.ThePolkCountyPlanningOfficecanbeofassistanceforall oftheseprocedures.

II.BusinessPrivilegeLicense PolkCountydoesnotrequireabusinesslicense,nordoesthetownofTryon.Columbusand Saludadorequireabusinesslicensebeforecommencingoperations.Informationabout obtainingalicensecanbeobtainedatthetownhallsofColumbusandSaluda.Yourbusiness locatedinPolkCountymaybesubjecttopropertytax. Occupationallicensesmayberequiredforcertainbusinesses(hairdressers,constructiontrades‐ electricians,plumbers,etc.),whilerestaurants,storeshandlingfood,lodgings,andothers requireaHealthDepartmentinspection. AbusinesslicenseisalsorequiredbythestateofNorthCarolina.InformationabouttheState PrivilegeLicensecanbeobtainedfromthelocalofficeoftheNCDept.ofRevenue. Furthermore,ifthebusinessistobeoperatedunderanassumedname,youshouldregisterthe businesswiththePolkCountyRegisterofDeeds.

III.Taxes Theproperhandlingofyourtaxesisvitaltoyourbusiness.Thefirstmajortaxmatterinvolvedis reportingyourincometotheFederalGovernment.Accordingly,youshouldcontactthelocal officeoftheIRS.TheIRSofficecanalsoprovidetaxguidanceinformationaboutthemany aspectsofbusinesstaxation. Ifyourbusinessisacorporation,youwillneedtoreportyourincometothestate(corporate incometax). EveryretailoperationmustobtainataxnumberfromtheNCDeptofRevenueandcollectsales taxattherateof8%ongrossdollarsales.ThistaxmustbepaidtotheNCDeptofRevenueby the15thofeverymonth.PolkCountyandthetownslevypersonalandpropertytaxes.Property taxesarepaidannuallyonequipment,officefurnishings,suppliesandinventory. Annually,PolkCountyrequiresaBusinessPersonalPropertylistingformbecompletedandfiled withtheTaxAssessor’soffice.Thislistingshouldinclude,forexample,anybusinessequipment, furniture,etc.ownedbyyourbusiness. LodgingbusinessesarerequiredtocollectOccupancyTax.Filingformsareavailableatthe tourismofficeattheFirstPeakVisitorsCenterinColumbus.

IV.EmployerGuidelines ApplyforanemployeridentificationnumberattheNCDeptofRevenueandtheIRS.Both officeswillprovideinformationaboutwithholdingemployeewagesandtheIRSwillprovide informationaboutSocialSecurityprocedures. EveryemployerwillneedtocontacttheNCEmploymentSecurityCommissionaboutthe UnemploymentInsurance. Workmen’sCompensationInsurancecanbeobtainedthroughyourinsuranceagency.

V.OtherResources IsothermalCommunityCollege828‐894‐3092 ServiceCorpofRetiredExecutives(SCORE)828‐693‐8702 JobLink/ESC828‐245‐9841 BusinessLinkNorthCarolinawww.blnc.gov SmallBusinessCenterNetwork828‐227‐3504

VI.GovernmentAgencies PolkCounty TownofColumbuswww.columbusnc.com

TownHall828‐894‐8236

TownofTryonwww.tryon‐nc.com

TownHall828‐859‐6655

TownofSaludawww.cityofsaludanc.com

TownHall828‐749‐2581

PolkCountywww.polknc.org

HealthDepartment828‐894‐8004

BuildingInspectionsOffice828‐894‐3739

TaxOffice828‐894‐8954

RegisterofDeeds828‐859‐8450

IsothermalRegion

IsothermalPlanningandDevelopment828‐287‐2281

NorthCarolina

NCDeptofRevenue

877‐308‐9103www.dor.state.nc.us

EmploymentSecurityOffice(Rutherfordoffice)

139E.TradeSt,ForestCity,NC28043828‐245‐9841

NCDeptofLabor

919‐733‐7166www.dol.state.nc.us SmallBusiness&TechnologyDevelopmentCenter, AshevilleOffice828‐251‐6025www.sbtdc.org

USGovernment

InternalRevenueService,151PattonAve,Asheville,NC28801

828‐271‐4764

USSmallBusinessAdm,NCDistrictOffice704‐344‐6563

AlternateFundingSources SBA7(a)Loans:$5Mmaximum.85%guarantyforloansof$150,000orless;75%guaranty forloansofgreaterthan$150,000.Termloanforexpansion,renovation;newconstruction, purchaselandorbuildings,equipment,lease‐holdimprovements;workingcapital;seasonalline ofcredit;inventory.MustbeaforprofitbusinessandmeetSBAstandards.Longterm financing,fixedmaturity,noballoons,norepaymentpenaltyunder15years.800‐827‐5722 www.sba.gov

SBAExpressLoan:Maximumloanof$350,000whichmaybeusedforrevolvinglinesof creditorforatermloan.Loansof$50,000orlesshaveinterestratesofprime+6.5%andloans over$50,000areprime+4.5%.Fastturnaround,streamlinedprocessandeasytouselineof credit.800‐827‐5722www.sba.gov

SBAPatriotExpressLoan:Maximumloanof$500,000withuseofproceedssameasSBA Express.Smallbusinessmustbeownedbyveteranoractivedutymilitaryorspouseorwidow. 800‐827‐5722www.sba.gov

SBASmallLoanAdvantage:Maximumloanof$250,000.LendermustbeinPreferred LenderProgram.800‐827‐5722www.sba.gov

MountainBizWorks:Providesfinancingtohelplaunchorexpandasmallbusinesswith loansupto$250,000.Theirloansincludeflexibletermloansandlinesofcredit.Mountain BizWorksprovidefundingwhentraditionalbankareunavailable.Theorganizationemphasizes cash‐flowanalysis,notjustcreditorcollateral.www.mountainbizworks.org

USDARuralDevelopment:Providesfinancialandtechnicalresourcesinruralareasin ordertosupportcommunityandeconomicdevelopmentopportunities,aswellasimprove qualityoflifeissues.

NCRuralCenterMicroenterpriseLoanProgram:workswithindividualswhohave soundideasforstartingorexpandingasmallbusinessbutmaynotqualifyforbankloans.The

mostpopularproduct—anexpressloanavailableinamountsupto$5,000—cangetaloan decisionwithinthreebusinessdays.Theloansareofferedincombinationwithbusiness planningandtechnicalassistance.Thisloanprogramgivesspecialemphasistoservingrural, low‐income,femaleandminorityborrowers.919‐250‐4314www.ncruralcenter.org

AdvantageWest’sAdvantageOpportunityLoan:Revolvingloanprogram www.advantagewest.com SelfHelpVenturesFund:Providesloansfrom$1000toseveralmillion.Servessmallto medium‐sizedbusinessesandnon‐profits.PartnerswithUSSBAtooffersomeloanprograms. 800‐476‐7428

RegionCDevelopmentCorpInc:anon‐profitcorporationpartneringwiththeUSSmall BusinessAdministrationandprivatesectorlenderstoprovidegrowingbusinesseswithlong‐ term,fixed‐ratefinancingformajorfixedassets,suchaslandandbuildings.www.regionc.org

AreaResources AdvantageWest www.advantagewest.com828‐687‐7234 BlueRidgeEntrepreneurialCouncilwww.brecnc.com CarolinaFoothillsChamberofCommerce www.carolinafoothillschamber.org828‐859‐6236 FirstPeakVisitorsCenter/PolkCountyTourism www.firstpeaknc.com828‐894‐2324 PolkCountyEconomicDevelopmentCommission www.ourpolk.polknc.org828‐894‐2895 TryonDowntownDevelopmentAssociation www.downtownTryon.org

N. Trade Street 90 Pacolet St

Tryon Tryon

Retail-R Retail-R

78 N Trade St 0 S Trade St

Tryon Tryon

Retail-S Lot-S

Mini mall, parking lot4500sf 1600sq ft 2 story 3816 sf 2 levels renovated 25' x 120' by UpStairs

509 S Trade St 255-B Trade St 255-C Trade St 62 Trade St 157 N Trade St 163 N Trade St 75-A S TradeSt 75-C S Trade St South Trde Building Tryon Federal Bldg 289 S Trade St 1005 S Trade St

Tryon Tryon Tryon Tryon Tryon Tryon Tryon Tryon

Comm-S Retail-R Retail-R Retail-R Retail-R Retail-R Retail-R Retail-R

Metal/brick bldg parking 950sf parking renovated 1100 sf left space 2345 sf upper/1340 lower 525 sf + utilities 1100 sf + utiliteis 400 sf office 5 room suite 1200 sf

Tryon Tryon Tryon Tryon

Retail-R Retail Retail-S Retail-R

20 Jervey Rd 1161 S Trade St

Tryon Tryon

Retail-S/R Retail-S/R

2000 sf office status unknown TD Bannk 4 large office suite TD 6000 sf old Family Dollar retail office condo 621 sf 2nd retail heated showroom

Hwy 176 590 S Trade St 93 Horseshoe Curve Rd 106 Club Rd 376 Herbert Page Rd

Tryon Tryon

Office-R Retail-S

Tryon Tryon

John Gargulio Nowell Guffey

828-859-5279 828-817-1711

Betty Oates Alan Pruette Madelon Wallace FredricksJewel FredricksJewel Ken Shull Bob Morgan Bob Morgan Alan Pruette Alan Pruette

828-606-5896 828-817-1868 864-316-3484 828-859-3101 828-859-3101 828-894-0869 828-859-2255 828-859-2255 828-817-1868 828-817-1868

Town Country bldg brick on slab foundation

Alan Pruette Ann Nagle Ann Nagle Berry Garrett New View Realty Footills Realty Town & Country WWE

828-859-9187 864-457-2448

Comm-S Comm-S

Multi purpose 80,000 sf Red Fox CC 3000 sf bldg

Tony Bonitati Alan Pruette

864-678-5994 828-859-9715

Tryon

Land-S

73.30 ac MU zoning

828-551-9406

65 Mimosa Lane 874 S. Trade St 2512 Hwy 108 Chamber Bldg 1913 Lynn Rd

Tryon Tryon Lynn Lynn Lynn

Inn on 4 ac 4000 sf 1800 finished off 3 floors of 1800 sf +800 single office 150sf 4 units, parking, 5000 sf

2060 Lynn Rd

Lynn

Skyuka Center 2512 Lynn Rd

Lynn Lynn

Comm-S Comm-S Office Office Comm/Ind Office Retail Office Retail Office

Prudential Carolina Cottages Bill Wilkerson Pat Martin Mike Karaman Mike Cacioppo

Valley Plaza, 11 units Skyuka Ctr end unit 1250 sf 600 sf inc water internet

Mt View Devel Providence Land Pat Martin

828-817-1868 828-859-2867 828-859-2867 864-862-3501 828-859-5952 828-859-1255

828-692-7939 828-749-1910 828-859-7653 828-817-3314 864-266-0468 800-7750355x17 704-906-1202 828-859-7653

222 E Mills St

Columbus

Retail-S

1200 sf + vacant warehous

Courthouse & Mills St 192 E Mills St 6431 Hwy 9 S

Columbus Columbus Columbus

Retail-S Retail-S Retail-S/R

2954 Hwy 108 E 2881 Hwy 108 East I-26 & Hwy 108 2060 Hwy 108

Columbus Columbus Columbus Columbus

Comm-S/R Comm-S/R Comm S CommRetai

190 Industrial Park Dr Mills Street 801 W. Mills St

Columbus Columbus Columbus

Ind Comm Retail-R Office

816 W Mills St Hwy 108 Skyuka Center

Columbus

Office

3 spaces restaurant + 5 sm apts Pierce plaza, 5 units=land 5 ac w/ house 800 ft frontag office w warehouse dock petrol station 10 units Valley Plaza units for lease 12008500SF Dunn's Commons Columbus Prof Ctr office Executive Ctr 5 offices avail

Columbus

Comm

2676 Hwy 108 E

Columbus

Comm

Hwy 108 & I-26

Columbus

Comm

end space 1250sf prev nursery-S 3 ac log cabin 3.45 ac land utilities on exit

250 W Mills St 155 W. Mills St 799 W Mills St Shuford Dr Timken Building back Columbus Park Exec

Columbus Columbus Columbus Columbus Columbus Columbus

Comm R Retail-R Office-S Comm Comm Office Ret

Columbus Plaza strip center, anchor Larkins office park12,755 sq ft 3600sf unused portion of bldg 120-500sf, parking

Ron Piccari New View Realty Whitney Comm Town&Country Town&Country Jim Smith Keith Moore Bob Scruggs Charlie Brown Dan Dunn Kim Karaman

828-606-7441 828-859-5952 828-606-7441 828-859-5806 828-859-5806 864-583-8150 803-744-6845 828-859-6028 800-7750355x17 239-593-6598 828-817-3314

Donna Bond Providence Land

828-606-4247 704-906-1202

Ann Carter

828-697-2772

Phil Feagan

828-894-3541 828-5480090x2 828-548-0090 828-694-1558 828-817-3314 828-894-6229 239-593-6598

Dewey Properti Dewey Properti Sheelah Clarks Mike Karaman Jim Liggett Dan Dunn

7500 Hwy 9 N Hwy 108 Hwy 9 & 108

MSpring MSpring Mspring

Comm-S Industrial Land

Sm block bldg 4.3 ac, Woodland 200K docks available development

WWE CBRE Dan Dunn

864-4572448 864-5276053 239-5936598

435 E Main St I-26 Exit 59 US Hwy 176 E

Saluda Saluda Saluda

Office Land Land

log cabin 3120sf .67ac 1.68ac close to city, .57ac

Saluda Real Saluda Real Saluda Real

828-7499181 828-7499181 828-7499181

ContactUs.We’relookingforwardtoworkingwithyou. PolkCountyOfficeofEconomicDevelopment 200E.MillsStreet P.O.Box308 Columbus,NC28722 828‐894‐2895office 828‐817‐3753mobile [emailprotected]

GoodThingsHappeninPolkCounty.

[PDF] Fact Book Polk County EDC Polk County Economic Development Fact Book Table of Contents - Free Download PDF (2024)

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