Campbell County staff proposes rehab and utility-expansion pilots after wide-ranging incentives review

Campbell County economic development staff reviewed the county's business incentive portfolio at a joint work session with the Industrial Development Authority (IDA) and recommended two pilots: a residential rehabilitation program for occupied and unoccupied homes and a utility-expansion incentive aimed at encouraging single‑family and patio‑home residential development.

Nina, an economic development staff member leading the presentation, told the Board of Supervisors and IDA members the county's incentives are meant to “attack, attract, retain, invest, and stimulate” and walked the group through the industrial and small-business programs that the county already uses to recruit and retain investment.

The presentation described current programs and thresholds: a tax stabilization period added to policy in 2021 for greenfield investments above $5,000,000; a commercial and industrial rehabilitation property tax exemption added to the county code in 2013 for commercial or industrial buildings over 20 years old that increase assessed value by at least 40% without growing square footage more than 15%; an economic stimulus rebate for businesses investing at least $250,000 in taxable real estate or net‑new equipment; and an employment‑credit grant for firms creating at least five new full‑time jobs…