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Mooresville, nestled in the beautiful Piedmont approximately 30 miles north of Charlotte, NC offers a desirable quality of life and has been described as the optimum environment for living, working and playing. Located in South Iredell County, Mooresville is known for its friendly residents and true southern hospitality.
Iredell County is one of the few counties in the Carolinas with two connecting interstates. I-77 runs north and south; I-40 runs east and west. In addition, I-85 is only 15 miles away. Due to its accessibility to these three interstates, an unmatched 54% of the U.S. population live within a 650-mile radius of Mooresville-a day's drive or a short 90-minute flight.
Beautiful Lake Norman is located in South Iredell County. This man-made lake with a 532-mile shoreline, provides year-round water activities. Golfers enjoy our area because the climate offers golfing year-round, both at Mallard Head Golf Course and the Mooresville Municipal Golf Course. North Carolina is famous for its numerous other fine golf courses; most of which are close enough for a day trip. The Iredell County and Mooresville Recreational Departments provide various activities for the youth in our area. North Carolina's majestic mountains and beautiful beaches are only two to three hours away.
Mooresville is a very pro-business community. Our taxes favor business and, in fact, our tax rate remains among the lowest of all the counties surrounding Charlotte. Our community has traditionally had an excellent relationship with our new and existing industries. New investment during the last five years has resulted in over 4,000 new jobs and over $800+ million in new tax investment. Local government is very supportive of our new businesses, meeting with new industries to address questions regarding schools, housing, local regulations, quality of life, and recreational activities in Mooresville.
Lowe's Companies, Inc., the world's second largest home improvement retailer, opened its new corporate headquarters, "Lowe's Customer Support Center," in Mooresville in September, 2003. The 165-acre campus is currently home to over 1,500 employees. At build out, the campus will house between 8,000 to 10,000 employees. In addition, most of Lowe's vendors and suppliers are opening offices here to be close to the new campus. Office and showroom space for over 400 vendors is anticipated in the next three years.
Nicknamed Race City USA, Mooresville has become to racing what Hollywood is to the movies. Throughout Iredell County there are approximately 60 race teams and over 100 race-related suppliers. Two of the few wind tunnels in the entire United States are located in the Town of Mooresville. Most race shops provide viewing areas and showrooms for fans and tourists.
Fully served industrial sites ranging from 2 to 100-plus acres are available throughout the county. Norfolk Southern Railroad considers Iredell County one of its top three sites in North Carolina. A variety of existing and new industrial spec buildings provide opportunities for new business location and growth.
Should you have questions about opening a new business in this area or relocating your existing company here, contact Mary Speir Kennedy in the Chamber's Economic Development Department at 704-664-6922 or e-mail her at msi@charlotteregion.com. She will be happy to answer any questions you may have.
FACTS ABOUT MOORESVILLE, NORTH CAROLINA
In March, 2002, Site Selection magazine ranked Mooresville the No. 1 Small Town in the United States for New and Expanded Corporate Facilities announcements.
From 1995 to 2004, Mooresville boasted over $1 billion in new investment, over 4,600 new jobs, and more than 10 million new square feet of building space.
Mooresville was selected as a "Champion of Industry" award winner for 2003 by Pat Summerall Productions, and the Town of Mooresville was chosen as one of the "25 Best Managed Small Cities in America" from the "Small City Management" category. As a winner of this award, Mooresville will be featured in a two-minute announcement aired on Headline News Network in April, 2004; it will receive a custom 5-minute video; and it will be included in a full-page listing in Forbes magazine (April 12, 2004 issue). Each custom video will be streamed on Forbes.com and Industryview.com.
In 2002, Site Selection magazine named Mooresville as a "Top 10 Economic Development Group for 2001."
Mooresville's population has doubled since the 1990 census, making us the 6th fastest growing town in the State of North Carolina (according to Business North Carolina magazine).
In March 2001, Southern Business and Development magazine ranked Mooresville as one of the "Top 50 Automotive Supplier Locations in the United States."
Mooresville is home to over 120 NASCAR and motorsports-related teams and suppliers, including Dale Earnhardt, Inc., Penske Racing South, the North Carolina Auto Racing Hall of Fame, the NASCAR Technical Institute, Aero Dyne Wind Tunnel, and the Auto Research Center (ARC).
Between 1995 and 2004, significant economic development announcements included Lowe's Companies, Inc.'s $100 million Phase 1 corporate campus will be home to approximately 8,000 employees at buildout; Cardinal FG's new glass plant with an investment of $75 million; NGK Ceramics' expansion totaling $66 million in the past three years; and Ingersoll-Rand's expansion totaling $12.5 million.
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| Business Parks in Mooresville |
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Mooresville Business Park
Mooresville Business Park is a 500-acre industrial park with all utilities in place. Approximately 90 acres remain undeveloped. Norfolk-Southern Railroad considers Mooresville Business Park one of their top industrial sites in North Carolina. Current tenants include Cardinal FG, Southern Container, Polar Plastic, PGI Nonwovens and Toyo Seal of America. Restrictive covenants are in place to preserve and maintain the visual appeal of the park.
Talbert Pointe Business Park
Talbert Pointe Business Park is a 260-acre, Class A business park that fronts I-77. The park is zoned for light industrial. Approximately 150 acres remain undeveloped. Sites range from 1 to 10 acres. Located in close proximity to this park are hotels, restaurants and shopping. Among the current tenants are the NASCAR Technical Institute, Saertex U.S.A., LLC, Hear Direct, The Gym Company and several race teams.
Lakeside Business Park
Lakeside Business Park is a 245-acre business park zoned general industrial and business. Approximately 25 acres remain undeveloped. This park is close to I-77, I-40 and I-85. Water, sewer and natural gas are available to the site. This park is close to hotels, restaurants and shopping. Among the current tenants are Ameritech Die-Mold, Goodridge USA, Penske Racing South, the North Carolina Auto Racing Hall of Fame, REDS Athletic Club, Michael Weinig, Inc. and Master Power Brake, Inc.
Triplett Business Park
Triplett Business Park consists of 200 acres of land adjacent to Mooresville Business Park. The park is easily accessible to I-77, I-40 and I-85. The property is mostly flat with some rolling features. Water and sewer are available to the site. Rail access is a possibility. Triplett Business Park is not in a watershed district and there are no restrictive covenants.
Timber Road Industrial Park
Timber Ridge Business Park consists of 37 acres of land located close to I-77, I-40 and I-85. This property is zoned for general industry and would be an ideal location for an office, distribution or manufacturing facility. City water, sewer and natural gas are available to the site. This park is not in a watershed district.
Deerfield Business Park
Deerfield Business Park is a new, Class A industrial park located next to I-77 and the future I-77 interchange. This park is zoned light industrial.
Barley Industrial Park
This park is a 40-acre park located on Mazeppa Road. It is zoned light industrial. The remaining acreage does not provide a site large enough for 20 to 25 contiguous acres. Among the current tenants are Carolina Beer and Beverage, AeroDyn Wind Tunnel and DDP Holdings, Inc.
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INCENTIVES
Industrial Development Incentive Program (IDIP) - Iredell County
The County of Iredell, in cooperation with Harmony, Love Valley, Mooresville, Davidson, Statesville or Troutman, may provide various financial incentives for companies seeking to locate or expand a business into Iredell County. This incentive program is designed to stimulate development by offsetting up-front costs associated with an industry location or expansion.
The scope of the incentive package will be based on the following criteria: Capital investment of at least $3 million; creation of quality jobs with pay higher than the county's average wages; and environmental cleanliness.
County funds may be used in a manner consistent with GS 158-7.1
The parameters defining the level of the contribution will be as follows: (1) An amount equal to .376% of the capital investment may be used for incentive payments for a period of five years; (2) If a company's investment exceeds $30 million in additional taxable base, the Board of Commissioners may authorize the extension of the years of eligibility to six years; and (3) A further component of that calculation will be based on the quality of the jobs created. The schedule below allocates percentage of participation for each level:
|
Wage Rate |
Eligibility Rate |
| Level I |
120% of county average wage |
100% eligible reimbursement |
| Level II |
110% of county average wage |
90% eligible reimbursement |
The following procedure will be used by industry in requesting industrial development incentive awards: (1) Must receive a favorable recommendation from the Greater Statesville Development Corporation or the Mooresville-South Iredell Chamber of Commerce; (2) Must be willing to appear before the public at a hearing for the purpose of receiving input on the proposed incentive; (3) Must receive favorable vote from the Board of Commissioners following the public hearing; (4) Must be willing to enter into a formal agreement with the County to stipulate the commitment of the industry to the county; and (5) Must be willing to reimburse the County if at any time a court of last appeal determines that incentive payments are in violation of the constitution or the law.
Industrial Development Incentive Grant Policy - Mooresville
WHEREAS, G.S. 158-7.1(a) provides that each city in this state is authorized to make appropriations for the purposes of aiding and encouraging the location of manufacturing enterprises, making industrial surveys and locating industrial and commercial plants in or near such city; encouraging the building of railroads or other purposes which, in the discretion of the governing body of the city, will increase the population, taxable property, agricultural industries and business prospects of any city. These appropriations may be funded by the levy of property taxes pursuant to G.S. 160A-109(b)(17a) and by the allocation of other revenues whose use is not otherwise restricted by law; and
WHEREAS, the Commissioners of the Town of Mooresville believe that granting Industrial Development Incentive (IDI) grants will encourage the location and expansion of manufacturing and commercial plants in or near the Town of Mooresville, and will increase the population, taxable property, industrial and business prospects for the Town;
NOW, THEREFORE, the Commissioners of the Town of Mooresville do hereby adopt this IDI Grant Policy:
- In determining whether an IDI grant will be made and, if so, the amount thereof, the following criteria, and such other criteria as the Town may deem appropriate in each individual case, will be used in making the determination:
o The type of facility.
o The effect on the environment.
o The size of the project based upon investment in site development, plant facilities and infrastructures.
o The number of and type of jobs created.
o The relationship between job development and total investment.
o Potential for future expansion and increased employment.
o Site-specific issues that impact upon local infrastructure responsibilities.
o Site-specific initiatives that may be pursued to stimulate other development in areas the Town may deem of significant benefit to the community.
- The grants may be made in kind or in cash:
o If the grant is made in cash, it may be made in a lump sum or in annual installments, depending on the Town's budgetary condition.
o If the grant is made in annual installments, the industry shall meet the following requirements:
i. The industry must be in continuous operation for a period of at least one calendar year prior to the Town's making the annual installment.
ii. The industry must employ a certain number of employees who are paid wages equivalent to or above the average wages paid in Iredell
County as reported by the Employment Security Commission.
iii. All ad valorem taxes and other public obligations must be current.
- Other Matters
o Annual installment payments of grant may not be transferred or otherwise conveyed to another party without the specific consent of the Town.
o The terms of IDI grant will be embodied in a formal agreement between the industry and the Town.
o If the industry is not located within the Town limits of Mooresville, this
agreement may provide that the property location shall be annexed into the Town.
This industrial development Incentive Grant policy replaces any previously enacted policy guidelines.
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EXISTING INDUSTRY SERVICES
These resources have been gathered to help our existing industries in expansion and retention efforts. Let us sit down with you to determine what the best solution is to your current situation. We can facilitate with all parties involved with regard to financing and incentives, refine manufacturing procedures, market on a global scale, and provide a trained and ready workforce. Here are some resources to get you started.
North Carolina Department of Commerce. The mission of the Department of Commerce is to improve the economic well being and qualify of life for all North Carolinians. This department offers very comprehensive rules for economic development that apply throughout the state, region and counties. The Department of Commerce is the State of North Carolina's leading agency for economic, community and workforce development. For more information visit them at www.nccommerce.com.
More information about the North Carolina Employment Security Commission can be found at www.ncesc.com.
Joblink Career Center System. The Joblink Career Center System was begun to improve North Carolina's workforce and strengthen our state's economy by developing a system of JobLink Career Centers that offers labor market information, provides access to career training and job placement services, and serves as the connection between employers and qualified workers. Visit them at www.ncjoblink.com/.
For general business license information, statewide vendor registration, NC E-Procurement @ Your Service, or to search for open North Carolina bids, visit www.ncgov.com/.
Workforce Training
Superior job training is an asset in the Mooresville-South Iredell-Charlotte area. Specialized training at no cost is available to companies through the community college network. The ten community colleges and technical institutes throughout Charlotte/USA, which form the Charlotte Region Workforce Development Partnership, offer customized training programs for each company seeking training assistance. The colleges provide instructors, standard training equipment, and all classsroom materials required to produce qualified workers. Nearly 60,000 students are currently enrolled in the community college system.
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| MOORESVILLE'S LARGEST EMPLOYERS |
No. Employees |
Lowe's Companies, Inc.
1000 Lowe's Boulevard
Mooresville, NC 28117 (704-758-1000)
Office of Regional Headquarters
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1,500
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Lake Norman Regional Medical Center
171 Fairview Road/P.O. Box 3250
Mooresville, NC 28117 (704-663-1113)
Hospital and medical offices
|
930 |
Wal-Mart Supercenter
169 Norman Station Blvd.
Mooresville, NC 28117 (704-664-5238)
Retail store
|
500 |
Mooresville Graded School District
305 No. Main Street
Mooresville, NC 28115 (704-664-5553)
School Board Offices
|
465 |
NGK Ceramics USA Inc.
119 Mazeppa Road/P.O. Box 390
Mooresville, NC 28115 (704-664-7000)
Manufactures ceramic auto parts
|
380 |
SuperTarget
Winslow Bay Shopping Center
River Highway (Hwy. 150 West)
Mooresville, NC 28117
|
350 |
WinCup, Inc.
314 Mooresville Boulevard
Mooresville, NC 28115 (704-660-6600)
Manufactures plastic utensils/containers |
300 |
Town of Mooresville
413 No. Main Street/P.O. Box 878
Mooresville, NC 28115 (704-663-3800)
Town government offices
|
250 |
Dale Earnhardt, Inc.
1675 Coddle Creek Road/Highway 3
Mooresville, NC 28115 (704-662-8000)
Racing-related company
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250 |
Cardinal FG
342 Mooresville Boulevard
Mooresville, NC 28115 (704-660-0900)
Manufacture flat glass
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230 |
PGI Non-Wovens
111 Excellence Lane
Mooresville, NC 28115 (704-664-3733)
Manufacture polypropylene non-wovens
|
210 |
Lowe's
509 River Highway (Highway 150 West)
Mooresville, NC 28117 (704-660-7177)
Home improvement center
|
175 |
Overcash Electric, Inc.
2106 Charlotte Highway/P.O. Box 539
Mooresville, NC 28115 (704-664-3113)
Commercial, residential & industrial electrical
contracting
|
175 |
BestSweet, Inc.
288 Mazeppa Road/P.O. Box 329
Mooresville, NC 28115 (704-664-4300)
Candy manufacturer
|
166 |
General Microcircuits, Inc.
1133 No. Main Street/P.O. Box 748
Mooresville, NC 28115 (704-663-5957)
Assembly of PC boards
|
153 |
Service Partners, Inc.
P.O. Box 149/Highway 150 East
Denver Business Park
Mooresville, NC 28115 (704-663-1261)
Manufacture gas logs, ceiling tiles and
insulation
|
150 |
NASCAR Technical Institute
220 Byers Creek Road
Mooresville, NC 28115 (704-658-1950)
Automotive repair/collision technical school
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150 |
Southern Container Corporation
279 Mooresville Boulevard/P.O. Box 1009
Mooresville, NC 28115 (704-662-8494)
Manufacture corrugated boxes
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150 |
L.B. Plastics, Inc.
482 E. Plaza Drive/P.O. Box 907
Mooresville, NC 28115 (704-663-1543)
Manufacture PVC profile extrusions
|
145 |
Custom Products, Inc.
1618 Landis Highway/P.O. Box 1141
Mooresville, NC 28115 (704-663-4159)
Manufacture airline seats and cushions
|
143 |
Brian Center Health & Retirement
752 E. Center Avenue
Mooresville, NC 28115 (704-663-3448)
Skilled intermediate care and rest home
|
130 |
Penske Racing South, Inc.
136 Knob Hill Road
Mooresville, NC 28117 (704-664-2300)
Racing-related company
|
110 |
Michael Weinig, Inc.
124 Crosslake Park Drive/P.O. Box 3148
Mooresville, NC 28117 (704-799-0100)
Woodworking machinery specialists
|
109 |
Spectrum Financial Systems, Inc.
163 McKenzie Road
Mooresville, NC 28115 (704-663-4466)
Alarms, ATMs, bank security systems
|
85 |
Carolina Beer & Beverage
110 Barley Park Lane
Barley Business Park
Mooresville, NC 28115 (704-799-2337)
Brewery
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62 |
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TOWN, COUNTY AND STATE TAX INFORMATION
Taxes 2004-2005
| Mooresville |
$.48 per $100.00 valuation |
| Iredell County |
$.435 per $100.00 valuation |
| Fire (where applicable) |
$.05 per $100.00 valuation |
| School (where applicable) |
$.1350 per $100.00 valuation |
| Next valuation year |
2007 |
State Tax Rate
| Sales tax |
7% (4.5% state; 2.5% county) |
Income tax:
Personal tax on wages -
Varies dependent on
income levels and
filing status |
|
| Franchise tax |
$1.50 per $1,000.00* |
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*Franchise tax assigned by three categories as follows:
1. Capital stock, surplus and undivided profits
2. 55% of the appraised value of property subject to local taxation
3. Book value of real and tangible personal property
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DEMOGRAPHICS AND GOVERNMENT
| Population |
1999 |
2001 |
2005
(estimate) |
2010
(estimate) |
Mooresville
Iredell County |
15,869
113,427 |
18,823
122,600 |
26,823
124,295 |
34,823
133,483 |
2002 Total Population 18,823
Male
Female
Under 5 years
5 to 9 years
10 to 14 years
15 to 19 years
20 to 24 years
25 to 34 years
35 to 44 years
45 to 54 years
55 to 59 years
60 to 64 years
65 to 74 years
75 to 84 years
85 years and over
Median age |
9,090
9,733
1,533
1,640
1,476
1,124
1,014
3,024
3,439
2,221
686
553
1,029
769
315
33.8 |
48.3%
51.7%
8.1%
8.7%
7.8%
6.0%
5.4%
16.1%
18.3%
11.8%
3.6%
2.9%
5.5%
4.1%
1.7%
|
Iredell County Median Household Income - 2002
| Medium household income |
$42,943.00 |
| Medium family income |
$51,011.00 |
| Per capita personal income |
$20,549.00 |
Educational Attainment (population 25 years and older)
Less than 9th grade
9th to 12th grade, no diploma
High school graduate
Some college (no degree)
Associate degree
Bachelor's degree
Graduate or professional degree |
704
1,448
3,383
2,814
1,064
2,042
742 |
5.8%
11.9%
27.7%
23.1%
8.7%
16.7%
6.1% |
Housing Unit Values
Less than $50,000
$50,000 to $99,999
$100,000 to $149,999
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 or more
Median dollars per unit |
218
1,032
1,273
949
661
145
9
18
$137,800 |
5.1%
24.0%
29.6%
22.0%
15.4%
3.4%
0.2%
0.4%
|
For more specific demographic information or to request a packet of demographic information, contact Mary Speir Kennedy in the Economic Development Department of the Mooresville-South Iredell Chamber of Commerce at 704-664-6922 or e-mail her at msi@charlotteregion.com.
Town Of Mooresville
Business Office
Mooresville Citizens Center
Fire Department
Golf Course
Human Resources
Parks and Recreation
Planning Department
Police Department
Public Library
Public Works Department
Mooresville Town Clerk
Town Engineer
Town Manager
Water-Sewer Maintenance |
(704) 663-3800
(704) 662-3334
(704) 664-1338
(704) 663-2539
(704) 662-8724
(704) 663-7026
(704) 662-7040
(704) 664-3311
(704) 664-2927
(704) 664-4278
(704) 664-3800
(704) 662-8472
(704) 663-3800
(704) 664-3705 |
Mooresville Town Board
| Al Jones, Mayor of Mooresville |
| Mitchell Mack, Mayor Pro-Tem |
| Danny Beaver, Town Board of Commissioners |
| Mitch Abraham, Town Board of Commissioners |
| Franklin Campbell, Town Board of Commissioners |
| Frank Owens, Town Board of Commissioners |
| Alice Lee, Town Board of Commissioners |
Iredell County Commissioners
| Steve Johnson, Chairman |
| Sara Haire Tice |
| Doug Madison |
| Marvin Norman |
| Godfrey Williams |
Climate
| Average temperature |
69.5 degrees |
| Average summer temperature |
77.8 degrees |
| Average rainfall |
47.15" |
| Average snowfall |
3" |
| Average humidity |
68.0 degrees |
| Average frost-free days |
212 |
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Business Parks in Mooresville
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Mooresville Business Park
Mooresville Business Park is a 500-acre industrial park with all utilities in place. Approximately 90 acres remain undeveloped. Norfolk-Southern Railroad considers Mooresville Business Park one of their top industrial sites in North Carolina. Current tenants include Cardinal FG, Southern Container, Polar Plastic, PGI Nonwovens and Toyo Seal of America. Restrictive covenants are in place to preserve and maintain the visual appeal of the park.
Talbert Pointe Business Park
Talbert Pointe Business Park is a 260-acre, Class A business park that fronts I-77. The park is zoned for light industrial. Approximately 150 acres remain undeveloped. Sites range from 1 to 10 acres. Located in close proximity to this park are hotels, restaurants and shopping. Among the current tenants are the NASCAR Technical Institute, Saertex U.S.A., LLC, Hear Direct, The Gym Company and several race teams.
Lakeside Business Park
Lakeside Business Park is a 245-acre business park zoned general industrial and business. Approximately 25 acres remain undeveloped. This park is close to I-77, I-40 and I-85. Water, sewer and natural gas are available to the site. This park is close to hotels, restaurants and shopping. Among the current tenants are Ameritech Die-Mold, Goodridge USA, Penske Racing South, the North Carolina Auto Racing Hall of Fame, REDS Athletic Club, Michael Weinig, Inc. and Master Power Brake, Inc.
Triplett Business Park
Triplett Business Park consists of 200 acres of land adjacent to Mooresville Business Park. The park is easily accessible to I-77, I-40 and I-85. The property is mostly flat with some rolling features. Water and sewer are available to the site. Rail access is a possibility. Triplett Business Park is not in a watershed district and there are no restrictive covenants.
Timber Road Industrial Park
Timber Ridge Business Park consists of 37 acres of land located close to I-77, I-40 and I-85. This property is zoned for general industry and would be an ideal location for an office, distribution or manufacturing facility. City water, sewer and natural gas are available to the site. This park is not in a watershed district.
Deerfield Business Park
Deerfield Business Park is a new, Class A industrial park located next to I-77 and the future I-77 interchange. This park is zoned light industrial.
Barley Industrial Park
This park is a 40-acre park located on Mazeppa Road. It is zoned light industrial. The remaining acreage does not provide a site large enough for 20 to 25 contiguous acres. Among the current tenants are Carolina Beer and Beverage, AeroDyn Wind Tunnel and DDP Holdings, Inc.
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INCENTIVES
Industrial Development Incentive Program (IDIP) - Iredell County
The County of Iredell, in cooperation with Harmony, Love Valley, Mooresville, Davidson, Statesville or Troutman, may provide various financial incentives for companies seeking to locate or expand a business into Iredell County. This incentive program is designed to stimulate development by offsetting up-front costs associated with an industry location or expansion.
The scope of the incentive package will be based on the following criteria: Capital investment of at least $3 million; creation of quality jobs with pay higher than the county's average wages; and environmental cleanliness.
County funds may be used in a manner consistent with GS 158-7.1
The parameters defining the level of the contribution will be as follows: (1) An amount equal to .376% of the capital investment may be used for incentive payments for a period of five years; (2) If a company's investment exceeds $30 million in additional taxable base, the Board of Commissioners may authorize the extension of the years of eligibility to six years; and (3) A further component of that calculation will be based on the quality of the jobs created. The schedule below allocates percentage of participation for each level:
|
Wage Rate |
Eligibility Rate |
| Level I |
120% of county average wage |
100% eligible reimbursement |
| Level II |
110% of county average wage |
90% eligible reimbursement |
The following procedure will be used by industry in requesting industrial development incentive awards: (1) Must receive a favorable recommendation from the Greater Statesville Development Corporation or the Mooresville-South Iredell Chamber of Commerce; (2) Must be willing to appear before the public at a hearing for the purpose of receiving input on the proposed incentive; (3) Must receive favorable vote from the Board of Commissioners following the public hearing; (4) Must be willing to enter into a formal agreement with the County to stipulate the commitment of the industry to the county; and (5) Must be willing to reimburse the County if at any time a court of last appeal determines that incentive payments are in violation of the constitution or the law.
Industrial Development Incentive Grant Policy - Mooresville
WHEREAS, G.S. 158-7.1(a) provides that each city in this state is authorized to make appropriations for the purposes of aiding and encouraging the location of manufacturing enterprises, making industrial surveys and locating industrial and commercial plants in or near such city; encouraging the building of railroads or other purposes which, in the discretion of the governing body of the city, will increase the population, taxable property, agricultural industries and business prospects of any city. These appropriations may be funded by the levy of property taxes pursuant to G.S. 160A-109(b)(17a) and by the allocation of other revenues whose use is not otherwise restricted by law; and
WHEREAS, the Commissioners of the Town of Mooresville believe that granting Industrial Development Incentive (IDI) grants will encourage the location and expansion of manufacturing and commercial plants in or near the Town of Mooresville, and will increase the population, taxable property, industrial and business prospects for the Town;
NOW, THEREFORE, the Commissioners of the Town of Mooresville do hereby adopt this IDI Grant Policy:
- In determining whether an IDI grant will be made and, if so, the amount thereof, the following criteria, and such other criteria as the Town may deem appropriate in each individual case, will be used in making the determination:
o The type of facility.
o The effect on the environment.
o The size of the project based upon investment in site development, plant facilities and infrastructures.
o The number of and type of jobs created.
o The relationship between job development and total investment.
o Potential for future expansion and increased employment.
o Site-specific issues that impact upon local infrastructure responsibilities.
o Site-specific initiatives that may be pursued to stimulate other development in areas the Town may deem of significant benefit to the community.
- The grants may be made in kind or in cash:
o If the grant is made in cash, it may be made in a lump sum or in annual installments, depending on the Town's budgetary condition.
o If the grant is made in annual installments, the industry shall meet the following requirements:
i. The industry must be in continuous operation for a period of at least one calendar year prior to the Town's making the annual installment.
ii. The industry must employ a certain number of employees who are paid wages equivalent to or above the average wages paid in Iredell
County as reported by the Employment Security Commission.
iii. All ad valorem taxes and other public obligations must be current.
- Other Matters
o Annual installment payments of grant may not be transferred or otherwise conveyed to another party without the specific consent of the Town.
o The terms of IDI grant will be embodied in a formal agreement between the industry and the Town.
o If the industry is not located within the Town limits of Mooresville, this
agreement may provide that the property location shall be annexed into the Town.
This industrial development Incentive Grant policy replaces any previously enacted policy guidelines.
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EXISTING INDUSTRY SERVICES
These resources have been gathered to help our existing industries in expansion and retention efforts. Let us sit down with you to determine what the best solution is to your current situation. We can facilitate with all parties involved with regard to financing and incentives, refine manufacturing procedures, market on a global scale, and provide a trained and ready workforce. Here are some resources to get you started.
North Carolina Department of Commerce. The mission of the Department of Commerce is to improve the economic well being and qualify of life for all North Carolinians. This department offers very comprehensive rules for economic development that apply throughout the state, region and counties. The Department of Commerce is the State of North Carolina's leading agency for economic, community and workforce development. For more information visit them at www.nccommerce.com.
More information about the North Carolina Employment Security Commission can be found at www.ncesc.com.
Joblink Career Center System. The Joblink Career Center System was begun to improve North Carolina's workforce and strengthen our state's economy by developing a system of JobLink Career Centers that offers labor market information, provides access to career training and job placement services, and serves as the connection between employers and qualified workers. Visit them at www.ncjoblink.com/.
For general business license information, statewide vendor registration, NC E-Procurement @ Your Service, or to search for open North Carolina bids, visit www.ncgov.com/.
Workforce Training
Superior job training is an asset in the Mooresville-South Iredell-Charlotte area. Specialized training at no cost is available to companies through the community college network. The ten community colleges and technical institutes throughout Charlotte/USA, which form the Charlotte Region Workforce Development Partnership, offer customized training programs for each company seeking training assistance. The colleges provide instructors, standard training equipment, and all classsroom materials required to produce qualified workers. Nearly 60,000 students are currently enrolled in the community college system.
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| MOORESVILLE'S LARGEST EMPLOYERS |
No. Employees |
Lowe's Companies, Inc.
1000 Lowe's Boulevard
Mooresville, NC 28117 (704-758-1000)
Office of Regional Headquarters
|
1,500
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Lake Norman Regional Medical Center
171 Fairview Road/P.O. Box 3250
Mooresville, NC 28117 (704-663-1113)
Hospital and medical offices
|
930 |
Wal-Mart Supercenter
169 Norman Station Blvd.
Mooresville, NC 28117 (704-664-5238)
Retail store
|
500 |
Mooresville Graded School District
305 No. Main Street
Mooresville, NC 28115 (704-664-5553)
School Board Offices
|
465 |
NGK Ceramics USA Inc.
119 Mazeppa Road/P.O. Box 390
Mooresville, NC 28115 (704-664-7000)
Manufactures ceramic auto parts
|
380 |
SuperTarget
Winslow Bay Shopping Center
River Highway (Hwy. 150 West)
Mooresville, NC 28117
|
350 |
WinCup, Inc.
314 Mooresville Boulevard
Mooresville, NC 28115 (704-660-6600)
Manufactures plastic utensils/containers |
300 |
Town of Mooresville
413 No. Main Street/P.O. Box 878
Mooresville, NC 28115 (704-663-3800)
Town government offices
|
250 |
Dale Earnhardt, Inc.
1675 Coddle Creek Road/Highway 3
Mooresville, NC 28115 (704-662-8000)
Racing-related company
|
250 |
Cardinal FG
342 Mooresville Boulevard
Mooresville, NC 28115 (704-660-0900)
Manufacture flat glass
|
230 |
PGI Non-Wovens
111 Excellence Lane
Mooresville, NC 28115 (704-664-3733)
Manufacture polypropylene non-wovens
|
210 |
Lowe's
509 River Highway (Highway 150 West)
Mooresville, NC 28117 (704-660-7177)
Home improvement center
|
175 |
Overcash Electric, Inc.
2106 Charlotte Highway/P.O. Box 539
Mooresville, NC 28115 (704-664-3113)
Commercial, residential & industrial electrical
contracting
|
175 |
BestSweet, Inc.
288 Mazeppa Road/P.O. Box 329
Mooresville, NC 28115 (704-664-4300)
Candy manufacturer
|
166 |
General Microcircuits, Inc.
1133 No. Main Street/P.O. Box 748
Mooresville, NC 28115 (704-663-5957)
Assembly of PC boards
|
153 |
Service Partners, Inc.
P.O. Box 149/Highway 150 East
Denver Business Park
Mooresville, NC 28115 (704-663-1261)
Manufacture gas logs, ceiling tiles and
insulation
|
150 |
NASCAR Technical Institute
220 Byers Creek Road
Mooresville, NC 28115 (704-658-1950)
Automotive repair/collision technical school
|
150 |
Southern Container Corporation
279 Mooresville Boulevard/P.O. Box 1009
Mooresville, NC 28115 (704-662-8494)
Manufacture corrugated boxes
|
150 |
L.B. Plastics, Inc.
482 E. Plaza Drive/P.O. Box 907
Mooresville, NC 28115 (704-663-1543)
Manufacture PVC profile extrusions
|
145 |
Custom Products, Inc.
1618 Landis Highway/P.O. Box 1141
Mooresville, NC 28115 (704-663-4159)
Manufacture airline seats and cushions
|
143 |
Brian Center Health & Retirement
752 E. Center Avenue
Mooresville, NC 28115 (704-663-3448)
Skilled intermediate care and rest home
|
130 |
Penske Racing South, Inc.
136 Knob Hill Road
Mooresville, NC 28117 (704-664-2300)
Racing-related company
|
110 |
Michael Weinig, Inc.
124 Crosslake Park Drive/P.O. Box 3148
Mooresville, NC 28117 (704-799-0100)
Woodworking machinery specialists
|
109 |
Spectrum Financial Systems, Inc.
163 McKenzie Road
Mooresville, NC 28115 (704-663-4466)
Alarms, ATMs, bank security systems
|
85 |
Carolina Beer & Beverage
110 Barley Park Lane
Barley Business Park
Mooresville, NC 28115 (704-799-2337)
Brewery
|
62 |
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TOWN, COUNTY AND STATE TAX INFORMATION
Taxes 2004-2005
| Mooresville |
$.48 per $100.00 valuation |
| Iredell County |
$.435 per $100.00 valuation |
| Fire (where applicable) |
$.05 per $100.00 valuation |
| School (where applicable) |
$.1350 per $100.00 valuation |
| Next valuation year |
2007 |
State Tax Rate
| Sales tax |
7% (4.5% state; 2.5% county) |
Income tax:
Personal tax on wages -
Varies dependent on
income levels and
filing status |
|
| Franchise tax |
$1.50 per $1,000.00* |
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*Franchise tax assigned by three categories as follows:
1. Capital stock, surplus and undivided profits
2. 55% of the appraised value of property subject to local taxation
3. Book value of real and tangible personal property
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DEMOGRAPHICS AND GOVERNMENT
| Population |
1999 |
2001 |
2005
(estimate) |
2010
(estimate) |
Mooresville
Iredell County |
15,869
113,427 |
18,823
122,600 |
26,823
124,295 |
34,823
133,483 |
2002 Total Population 18,823
Male
Female
Under 5 years
5 to 9 years
10 to 14 years
15 to 19 years
20 to 24 years
25 to 34 years
35 to 44 years
45 to 54 years
55 to 59 years
60 to 64 years
65 to 74 years
75 to 84 years
85 years and over
Median age |
9,090
9,733
1,533
1,640
1,476
1,124
1,014
3,024
3,439
2,221
686
553
1,029
769
315
33.8 |
48.3%
51.7%
8.1%
8.7%
7.8%
6.0%
5.4%
16.1%
18.3%
11.8%
3.6%
2.9%
5.5%
4.1%
1.7%
|
Iredell County Median Household Income - 2002
| Medium household income |
$42,943.00 |
| Medium family income |
$51,011.00 |
| Per capita personal income |
$20,549.00 |
Educational Attainment (population 25 years and older)
Less than 9th grade
9th to 12th grade, no diploma
High school graduate
Some college (no degree)
Associate degree
Bachelor's degree
Graduate or professional degree |
704
1,448
3,383
2,814
1,064
2,042
742 |
5.8%
11.9%
27.7%
23.1%
8.7%
16.7%
6.1% |
Housing Unit Values
Less than $50,000
$50,000 to $99,999
$100,000 to $149,999
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 or more
Median dollars per unit |
218
1,032
1,273
949
661
145
9
18
$137,800 |
5.1%
24.0%
29.6%
22.0%
15.4%
3.4%
0.2%
0.4%
|
For more specific demographic information or to request a packet of demographic information, contact Mary Speir Kennedy in the Economic Development Department of the Mooresville-South Iredell Chamber of Commerce at 704-664-6922 or e-mail her at msi@charlotteregion.com.
Town Of Mooresville
Business Office
Mooresville Citizens Center
Fire Department
Golf Course
Human Resources
Parks and Recreation
Planning Department
Police Department
Public Library
Public Works Department
Mooresville Town Clerk
Town Engineer
Town Manager
Water-Sewer Maintenance |
(704) 663-3800
(704) 662-3334
(704) 664-1338
(704) 663-2539
(704) 662-8724
(704) 663-7026
(704) 662-7040
(704) 664-3311
(704) 664-2927
(704) 664-4278
(704) 664-3800
(704) 662-8472
(704) 663-3800
(704) 664-3705 |
Mooresville Town Board
| Al Jones, Mayor of Mooresville |
| Mitchell Mack, Mayor Pro-Tem |
| Danny Beaver, Town Board of Commissioners |
| Mitch Abraham, Town Board of Commissioners |
| Franklin Campbell, Town Board of Commissioners |
| Frank Owens, Town Board of Commissioners |
| Alice Lee, Town Board of Commissioners |
Iredell County Commissioners
| Steve Johnson, Chairman |
| Sara Haire Tice |
| Doug Madison |
| Marvin Norman |
| Godfrey Williams |
Climate
| Average temperature |
69.5 degrees |
| Average summer temperature |
77.8 degrees |
| Average rainfall |
47.15" |
| Average snowfall |
3" |
| Average humidity |
68.0 degrees |
| Average frost-free days |
212 |
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