Alamance County Economic Development Foundation
ActiveCommunity Improvement
About Alamance County Economic Development Foundation
A 501(c)(3) nonprofit created to foster economic development opportunities in Alamance County by supporting attraction of new industry, expansion of existing industry, job creation, and strengthening the county tax base; funded privately by local businesses and operating in partnership with the Alamance Chamber.
Focus Areas
economic developmentbusiness attractionindustry expansionworkforce developmentsmall business grantsentrepreneurship and innovation
Who They Fund
K-12 teachers (Teacher of the Year recipients)education-focused nonprofit/partner organization (Chamber for Excellence in Education)
Funding Style
economic incentivegrowth grant funding
About Alamance County Economic Development Foundation
A $50,000 economic incentive for Laboratory Corporation of America Holdings anchored the foundation’s recent grantmaking, showing how Alamance County Economic Development Foundation uses targeted funding to support business activity in Alamance County. The foundation was created to foster economic development opportunities in the county by backing attraction of new industry, expansion of existing industry, job creation, and a stronger tax base. Its recent awards also include growth-grant support for local businesses such as Haw River Mushrooms LLC, Make Nice LLC, and Ran-lew Dairy Milk Company LLC, reflecting a clear emphasis on firms that are already operating in the county and have room to scale. The foundation’s grantmaking sits alongside business attraction work and entrepreneur support, with programs that point to both established employers and smaller enterprises. Recent awards also reached education-related programming through the Alamance County Chamber, tying local economic development to community recognition efforts. Grants in the recent list are concentrated in Burlington, Graham, Snow Camp, and Mebane, all within the county it serves. The foundation is funded privately by local businesses and operates in partnership with the Alamance Chamber.
What Alamance County Economic Development Foundation Funds
Economic development is the foundation’s core focus, and the largest recent award went to Laboratory Corporation of America Holdings for an economic incentive tied to Project Skyking. That same development emphasis appears in support for Haand Inc and 64 Harvard, both listed as growth-grant recipients in the recent grants table. The foundation also funds small business expansion. Haw River Mushrooms LLC received $15,000 as a 2023 Growth Grant Recipient, while Upside Aerial Arts & Fitness LLC received $10,000 for the same purpose. Those grants show support for businesses at different stages of local growth. Education-related community programming appears in reimbursements to Alamance County Chamber - Teacher of the Year for Chamber for Excellence in Education Teacher of the Year expenses. One award was $10,000 in 2025, and a second was $8,701 in 2024.
How Alamance County Economic Development Foundation Gives
Typical grants cluster in the five-figure range: p25 is $9,750, median is $11,000, and p75 is $15,000. The recent list also includes a $50,000 award, which sits well above the main band. The foundation uses both one-off economic incentives and recurring growth-grant support; several recipients appear in consecutive years as 2023 or 2024 growth-grant recipients. It also uses reimbursement-style funding for Chamber of Commerce education programming. The organization accepts unsolicited applications for both its Small Business Grant Program and Impact Grant Program.
Financial Snapshot
Annual Giving
$67K
Total Assets
$1.5M
Total Revenue
$376K
Total Expenses
$371K
Typical Grant Size
Most grants fall between $10K and $15K, with a median of $11K.
25th Percentile
$10K
Median
$11K
75th Percentile
$15K
Geographic Reach
Local1 state funded
Funding intensity
LowHigh
Headquarters
Leadership
REAGAN C GURAL
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