The City of Albemarle has the ability to offer incentives to industry considering relocation to the City, or for existing industries considering expansion. These incentives include economic development rates for electric, water, and sewer customers who meet the eligibility requirements. The City also offers other incentives based on the amount of investment being made in the community. The City is currently reviewing its incentives program and revisions are expected to be made to that program by June 30, 2003. Other incentives may be available from Stanly County and the State of North Carolina. Businesses that locate within the State Development Zones can be considered for additional state incentives.