NC Sales Tax Changes Create Opportunity for Electric and Natural Gas Bill Credits for Manufacturers

Without being too technical, most states provide some basic exemptions or exclusions from the standpoint of sales & use taxes on certain purchases made by a manufacturing companies. Some examples include: raw materials (ingredients or component parts), machinery used in manufacturing, packaging materials, and more recently in North Carolina electricity and natural gas used in the production process. In many states, North Carolina included, the definitions, rules and laws governing these exemptions change periodically. Over the past several years the method in which North Carolina applies sales tax to certain utilities and business classifications have shifted. If you are a manufacturer in Transylvania County and have been paying sales tax on certain utilities as part of your bill over the past few years you may be eligible for a credit towards your bill. Because many manufacturers use elevated levels of utilities for the production of goods/products this credit could be significant. If you would like to learn more about this credit, industrial businesses are encouraged to inquire about this effort with your electric and/or natural gas provider. If you have questions about how to begin that process please contact Eric Caldwell, Director of Existing Business Services to learn more. 

Custom Tube Products to Open a Second Location in Transylvania County

Custom Tube Products, an advanced manufacturing company based in Edgewater, Florida will open a second facility in Rosman beginning this Fall. The move marks the first expansion for the company outside of their main facility. The business will occupy more than 20,000...

Ecusta Brewing Company Announces Future Home & Redevelopment Project

Ecusta Brewing Company announces the purchase and a planned redevelopment of an 8,800 square foot historic building, once part of the company’s namesake, the Ecusta Paper Mill. Ecusta Brewing is an independent craft brewery founded in 2016 in Brevard, NC. August 26th...

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Director of Marketing & Community Relationships The Director of Marketing & Community Relationships is responsible for managing the Alliance’s external and internal marketing  activities. The ideal candidate will have outstanding academic and...

Virtual Town Hall: Economic Impact of COVID-19 & Forecast

Transylvania County, NC – April, 2021 marks the one year anniversary of the first business Town Hall meeting to assess and discuss our local COVID-19 business response. Business owners, elected officials and community stakeholders are now invited to reconvene and...

Global Pharmaceutical Company Announces Expansion in Brevard, NC

Brevard, NC- Raybow USA, the American operations of Raybow Pharmaceutical, announced today plans to invest $15.8 million in its existing Brevard headquarters. The expansion project will sustain 26 full time jobs and create 74 additional positions. New positions...