Offers up to a 100% exemption from machinery and tools tax for certified pollution abatement equipment.
Offers a program whereby assistance can be provided for site improvements, write-down of land costs, or cash grants based upon the total investment and size and quality of the payroll. Minimum eligibility is an investment of $500,000.
The county offers up to a 30% exemption from machinery and tools tax for certified recycling equipment.
In the New London Business and Technology Center, Bedford County offers technology companies a tax abatement program on a graduated basis. The maximum possible is 60%-70% (on either machinery and tools tax or business furniture and fixtures) for up to two years, then decreasing to 40%-50% for the next two years, and finally 20%-30% for final year or two. Companies must pre-qualify for this program, and amounts vary according to various factors.
The Bedford Center for Business is a joint County/City business park that received an Enterprise Zone designation in 2005. The designation provides opportunities for the use of state and local grants for both job creation and real property improvements. The zone is designated for 10 years and can be renewed up to two, five year periods.