The Economic Development office works with our partner, the Greensboro Economic Development Alliance (GEDA) to promote Greensboro as a place to locate and grow your business. The services of Economic Development also assist to coordinate available properties or redevelopment or development and determine if any City incentives are available.
As part of the strategic objectives of EDBS, Economic Development works to assist businesses that want to grow or re-locate in an Urban Progress Zone (eastern, southern central or downtown area) by coordinating a team of representatives from a number of related City departments. With this team, businesses receive assistance with reviewing of plans and projects, collaborating on ideas, providing recommendations, and navigating and expediting the review process to assist with bringing projects to fruition.
Available Business Incentives
Economic Development works to stay current on the latest local, state and federal tax and other incentives designed to keep business owners informed on cost-effective ways to operate their businesses within the City. In addition, our staff develops and provides incentives to qualified companies that want to relocate to Greensboro or to existing companies that wish to expand. Learn more about Greensboro's approach to incentives.
Loans and Other Financial Assistance
The City recognizes the economic and cash flow challenges often experienced by small businesses. Economic Development has a long-standing commitment to helping businesses identify financial resources to assist with everything from equipment purchases to working capital.
Before Contacting Economic Development
It’s to the advantage of the business and its respective project to have initial key elements in place such as:
- Business and Project Plan and/or Strategic Development Plan
- Management team (i.e. business and project principals, investors, strategic financing partners)
- Preliminary project time line
Questions? Ideas? Opportunities? Contact John Shoffner at 336-373-2293.