Business Incentives http://wfae.org en Electrolux Announces 810 New Jobs, $85M Investment In Charlotte http://wfae.org/post/electrolux-announces-810-new-jobs-85m-investment-charlotte <p>Appliance Maker Electrolux announced it will add more than 800 jobs with the expansion of their U.S. corporate headquarters in Charlotte.&nbsp;<span style="line-height: 1.5;">Electrolux says it will also invest more than $85 million toward construction costs for the expansion.</span></p><p></p><p> Sat, 21 Dec 2013 02:58:56 +0000 Tasnim Shamma 41570 at http://wfae.org Electrolux Announces 810 New Jobs, $85M Investment In Charlotte Film Industry Spending Dips Slightly, State Reports http://wfae.org/post/film-industry-spending-dips-slightly-state-reports <p>The film industry contributed $250 million in direct spending to the North Carolina economy this year, a dip from last year, according to a new estimate from the North Carolina Film Office.</p><p></p><p><span style="line-height: 1.5;">The 2013 estimate would be about one-sixth less than the state’s more than $300 million record haul from the film industry last year. The director of the North Carolina Film Office points to a primary reason for the dip: Iron Man 3, the biggest blockbuster the state’s ever had, filmed last year.</span></p> Tue, 17 Dec 2013 22:43:44 +0000 Ben Bradford 41338 at http://wfae.org Cabarrus County Bows Out Of 'Incentives Game' http://wfae.org/post/cabarrus-county-bows-out-incentives-game <p><span style="line-height: 1.5;">Elected officials across the country will tell you they dislike the practice of handing out economic incentives to lure businesses to their communities. But they hold their noses and do it anyway, because "that's the way things work."</span></p><p><span style="line-height: 1.5;">Well, officials in </span>Cabarrus<span style="line-height: 1.5;"> County have made the risky decision of saying "No more."</span></p><p></p><p> Fri, 01 Nov 2013 00:55:13 +0000 Julie Rose 38353 at http://wfae.org Cabarrus County Bows Out Of 'Incentives Game' Paying For Film, Part 3: How NC Compares http://wfae.org/post/paying-film-part-3-how-nc-compares <p><span style="line-height: 1.5;">Thirty productions </span><a href="http://www.dornc.com/publications/incentives/2013/01film_credits_12summary.pdf" style="line-height: 1.5;" target="_blank">claimed tax credits last year</a><span style="line-height: 1.5;"> for filming in North Carolina, including some blockbusters like Iron Man 3 and the Hunger Games. Charlotte has become home to a couple of successful TV shows: </span><a href="http://www.sho.com/sho/homeland/season" style="line-height: 1.5;" target="_blank">Homeland </a><span style="line-height: 1.5;">and </span><a href="http://www.cinemax.com/banshee/" style="line-height: 1.5;" target="_blank">Banshee.</a><span style="line-height: 1.5;"> By all accounts, the Hollywood business is booming here. But there's a dark cloud on the horizon – come the end of next year, North Carolina's film incentives program is set to expire.&nbsp;</span></p><p>That prompted WFAE to take a close look at what filming brings to the state, and what it costs us to get those films here. Our two part series wrapped up Thursday morning and WFAE reporter Julie Rose joined host Mark Rumsey&nbsp;to answer a few questions.</p><p></p><p> Thu, 29 Aug 2013 21:00:39 +0000 Julie Rose 34302 at http://wfae.org Paying For Film, Part 2: What We're Spending http://wfae.org/post/paying-film-part-2-what-were-spending <p>One billion dollars.&nbsp; That's what production companies have spent filming in the state since 2007. &nbsp;&nbsp;</p><p><span style="line-height: 1.5;">Now here's another number: $100 million.&nbsp; That's about how much the state has paid those companies in incentives in that time.&nbsp;</span></p><p><span style="line-height: 1.5;">Good deal, right? Spend $100 million to get one billion?&nbsp; But there's more to the story.</span></p><p></p><p> Thu, 29 Aug 2013 13:19:55 +0000 Julie Rose 34235 at http://wfae.org Paying For Film, Part 2: What We're Spending Paying For Film, Part 1: What We're Getting http://wfae.org/post/paying-film-part-1-what-were-getting <p>In the last few years, two major television series have made Charlotte their home and the Hunger Games was the biggest blockbuster ever to set up in the region. All that has heightened interest in the debate over whether to extend North Carolina's film incentives. They expire at the end of next year.&nbsp;</p><p>But neither side is spinning the full story of these incentives, so WFAE begins a two-part series to explain.&nbsp;</p><p> Wed, 28 Aug 2013 10:00:00 +0000 Julie Rose 34146 at http://wfae.org Paying For Film, Part 1: What We're Getting 'Pay-To-Play' System For N.C. Business Incentives? http://wfae.org/post/pay-play-system-nc-business-incentives <p>Governor Pat McCrory's plan to privatize part of the state Commerce Department could result in a pay-to-play system where some businesses get special treatment. That's the finding of a report the N.C. Budget and Tax Center released Monday.</p><p> Mon, 15 Jul 2013 21:06:27 +0000 Michael Tomsic 31394 at http://wfae.org