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City of Winston-Salem Economic Development Incentives

Project-based city incentives for businesses creating jobs, capital investment, and economic benefit in Winston-Salem.

About this program

The City of Winston-Salem supports business recruitment, retention, and expansion through project-based economic development incentives coordinated with county, regional, and state partners. Awards are tied to project criteria such as jobs, wages, capital investment, location, and public benefit.

Eligibility

Businesses with competitive expansion, retention, or relocation projects in Winston-Salem that meet job, investment, wage, and public benefit expectations.

Requirements

  • Engage with Winston-Salem economic development partners before final project commitments
  • Provide project scope, jobs, wages, capital investment, site information, and public benefit details
  • Enter performance agreement and meet reporting, compliance, and clawback requirements if approved