Alexander County Economic Development
ActivePublic CharityCommunity Improvement
TAYLORSVILLE, NCWebsite
About Alexander County Economic Development
The mission of Alexander County Economic Development is to serve as a focal point for retention and expansion efforts relating to existing industries, and to coordinate the county’s efforts in industrial and commercial recruiting. The overriding goal is to increase opportunities for Alexander County citizens to secure quality employment in Alexander County as well as increasing the county’s tax base, thereby reducing the property tax burden borne by citizens.
Focus Areas
small business grantsworkforce supportchildcare center expansionphysical space modificatione-commerce improvementscapacity expansion for goods and servicespurchase of business equipmentADA accessibility and public health compliance
Who They Fund
unemployed or underemployed individualssmall and medium-sized enterprises (SMEs)
About Alexander County Economic Development
Alexander County Economic Development Corporation’s recent grantmaking is built around economic job creation in Alexander County, with the largest 2023 awards going to Paragon Films Inc and Borealis Compounds, both in Taylorsville, North Carolina. The pattern points to a local funder working through business growth and workforce support rather than broad philanthropic fields. Its public charity status and operating size are reflected in annual grants of $137,839 and total assets of $2,444,020 on the latest 990 filing. The foundation’s work is closely tied to county economic development goals: helping existing industries retain and expand, supporting industrial and commercial recruiting, and increasing opportunities for county residents to secure quality employment. Recent grants also include Marker Eight Holdings, another Taylorsville recipient, showing that funding is directed to businesses within the same local economy. Program descriptions identify support for business development, workforce support, and business expansion, with a separate track for childcare centers under the county business and workforce support grant structure.
What Alexander County Economic Development Funds
Business and workforce support is the clearest throughline in the foundation’s giving. It awarded $67,450 to Paragon Films Inc in Taylorsville for economic job creation, and $62,341 to Borealis Compounds in Taylorsville for the same purpose. That emphasis aligns with grants aimed at local business growth and workforce development. The foundation also uses smaller project-based awards to support business activity. It gave $8,048 to Marker Eight Holdings in Taylorsville for economic job creation, showing that the portfolio includes grants below the top range as well as larger awards. Its active grant programs show additional support for childcare centers under the Business and Workforce Support Grant, as well as applications for business development and economic development in Alexander County, North Carolina.
How Alexander County Economic Development Gives
Typical grant size sits at $35,194 at the 25th percentile, $62,341 at the median, and $64,896 at the 75th percentile, which shows a fairly tight distribution around the middle of the range. The latest 990 year on file is 2023, and the recent grants list reflects three awards in that year. This is a public charity, not a funder of individuals, and it does not make program-related investments. The available grant record shows a local, project-based pattern rather than multi-state or multi-country giving. The active Business Grant Application and related programs accept unsolicited applications.
Financial Snapshot
Annual Giving
$138K
Total Assets
$2.4M
Total Revenue
$1.3M
Total Expenses
$202K
Typical Grant Size
Most grants fall between $35K and $65K, with a median of $62K.
25th Percentile
$35K
Median
$62K
75th Percentile
$65K
Geographic Reach
Local1 state funded
Funding intensity
LowHigh
Headquarters
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