Do Business

Championing YOUR business to prosperity

DO BUSINESS HERE

Building a business can be challenging and lonely. Finding the help, information, and allies you need can be overwhelming and slow the growth of your business. YOUR Union County Chamber can help. We’ve compiled the resources, support and connections you need to make your business thrive. It’s one of the many ways we champion business growth and prosperity.

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POPULATION

250,000

TAX RATE

$0.7309

MEDIAN INCOME

$80,033

News and Updates

Covid-19 Vaccination Links

Workforce Development - ncIMPACT Initiative aims to increase number of NC students who get post-secondary degrees or certifications

As North Carolina’s economy grows, so do the number of jobs that require high-quality credentials or post secondary degrees. But only 49% of North Carolinians ages 25-44 have completed that level of education.

 

YOUR Union County Chamber is helping to create a thriving community through our work to develop and grow a strong talent pipeline. We’re proud to announce that we are partnering with Wingate University, Union County Public Schools, South Piedmont Community College, and other community groups as part of a grant made possible through The UNC School of Government’s ncIMPACT Initiative and myFutureNC. The collaborative will work to come up with solutions to the education attainment gap in Union and Anson Counties.

 

Visit the ncIMPACT Initiative website to learn more.

Public Policy

Broadband Bill Passes House

House Bill 947The G.R.E.A.T. Broadband Expansion Act

This bill would create and fund the Completing Access to Broadband (CAB) program, a broadband grant program for unserved areas within North Carolina counties. YOUR Chamber hosted Representative Dean Arp at a Public Policy Meeting in April to discuss the bill.  The video is available here for you to learn more. 

Two Bills aimed to address the talent shortage facing job creators

Senate Bill 116 – Putting North Carolina Back to Work Act

This Bill contains measures aimed at addressing the acute workforce challenges facing North Carolina. These include a provision to end North Carolina’s dependence on Federal Pandemic Unemployment Compensation (FPUC) programs effective thirty days after the bill becomes law and the appropriation of $250 million in federal block grant funding from the American Rescue Plan for use by the N.C. Department of Health and Human Services to invest in subsidized childcare for eligible children.

House Bill 334 – JOBS Grants and Tax Relief

Key changes impacting job creators include: a simplification of the overly complicated and regressive franchise tax on business investment to eliminate two of three property-related bases in taxable year 2022, ensuring all businesses are levied this tax only on a net worth base and saving businesses in the state roughly $150 million each year; a reduction of the personal income tax rate (which applies to many kinds of businesses) from 5.25 percent to a more competitive rate of 4.99 percent; a gradual phaseout of the corporate income tax rate by way of an annual decrease of 0.5 percent beginning in 2024 and ending in 2028; creation of a $1 billion Job Opportunity and Business Savings Grant Program that will include both automatic and application-based grants for qualifying businesses that received benefits from state or federal COVID-related relief programs; and an extension of the sunset on the mill rehabilitation tax credit from 2023 to 2025.

Aligning NC State Tax with Federal Tax in regards to Forgiven PPP Funds

House Bill 334 JOBS Grants and Tax Relief

This bill also contains important legislation that will allow for business expenses paid with proceeds from forgiven PPP loans to be deducted on state tax returns, saving millions of dollars for NC small businesses. Once passed into law, business wishing to take advantage of this change will need to file an amended Tax Return.