NC H283

Renames the "One North Carolina Small Business Account" to the "Small Business Research and Technology Account" and allocates up to $3,000,000 for SBIR/STTR programs

Creates a new Small Business Investment Grant Account (SBIG) within the One North Carolina Fund with up to $10,000,000 in funding to help small businesses establish or expand facilities in North Carolina

Limits SBIG grants to $500,000 per calendar year, $2,500,000 total per recipient, with distribution terms not exceeding five years

Eligible businesses must have 250 or fewer full-time employees or less than $5,000,000 in annual gross revenue, invest between $10,000,000 and $30,000,000 in private funds, and hire no more than 250 new employees

Requires eligible businesses to pay average weekly wages at least 110% of the county's average wage for insured private employers