incentives

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    CJ: N.C. legislative leaders propose plan that boosts subsidies to lure big corporations

    Carolina Journal’s Dan Way reports on a development some speculate is related to the potential interest by Apple to locate a facility in the Raleigh/Durham are. Legislative leaders will boost tax-paid subsidies available in the $23.9 billion 2018-19 budget proposal to seduce multibillion-dollar corporations to locate in the state.
    Donna Martinez, May 18, 2018
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    Charlotte Observer: Officials Won’t Say What’s in NC Bids To Lure Amazon HQ2

    Want to know what’s in Charlotte’s bid to snag Amazon’s second headquarters? Officials won’t give up the information, according to the Charlotte Observer. Officials simply aren’t talking. The N.C. Commerce Department has declined to provide details of the incentives package the state would provide for any of its bidding regions:…
    Donna Martinez, November 1, 2017
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    JLF’s Joe Coletti Talks To WRAL About Folly of Incentives

    Tyler Dukes of WRAL reports: In the wake of the 2008 recession, about four of every 10 of the jobs state officials hoped to lure to North Carolina with the promise of millions in taxpayer money failed to materialize, new Commerce Department data show. A WRAL News analysis of…
    Donna Martinez, October 19, 2017
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    House boasts Historic Preservation Tax Credit

    A press release went out yesterday about the House voting to bring back the historic preservation tax credit.  Hopefully the Senate will see that this is bad policy and either change this to a local grant program or not enact the tax credit at all.  Below is the press release:…
    Sarah Curry, April 1, 2015
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    Justice Center Report highighlights problems with NC incentive program

    There is a bill in the NC House to raise the cap on the amount NC can spend on incentive programs.  In addition to raising the cap, Governor McCrory also wants to create a closing fund, so he can offer more money to a company to ‘seal the…
    Sarah Curry, February 16, 2015
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    State Business Incentives Database

    Click on the map below to see how North Carolina’s 30 incentive programs compare with neighboring states. If you click on the blue button “View All State Programs” then you get a list of the program name, provider, and a description of the incentive.  We always hear a lot about…
    Sarah Curry, February 6, 2015
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    Federal study: Hydraulic fracturing safe to proceed in California

    The report, commissioned by the federal Bureau of Land Management, investigated possible effects of well stimulation technologies (WST) in California. It points out that potential energy resources are at shallower depths in California and normally require vertical rather than horizontal drilling and fracturing. The shallower depths made possible groundwater…
    Jon Sanders, August 29, 2014
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    No need for new economic development incentives

    A bill before the North Carolina Senate would create a new state tax credit for small businesses that get the federal New Markets Tax Credit (NMTC), if they decide to make these federally credited investments in North Carolina. The idea would be to further incentivize investment in poorer areas…
    Jon Sanders, June 3, 2014