Economic Incentives http://wfae.org en Sealed Air Corporation Bringing 1,262 Jobs (And Bubble Wrap) To Charlotte http://wfae.org/post/sealed-air-corporation-bringing-1262-jobs-and-bubble-wrap-charlotte <p>The company behind Bubble Wrap is popping in nearly 1,300 jobs in Charlotte. Sealed Air Corporation announced Wednesday it's moving its headquarters here from New Jersey. The Fortune 500 company could eventually get more than $41 million in state and local incentives.</p><p></p><p>Before the announcement, Charlotte Chamber employees put strips of Bubble Wrap under everyone's seats.</p> Thu, 24 Jul 2014 13:35:14 +0000 Michael Tomsic 55512 at http://wfae.org Sealed Air Corporation Bringing 1,262 Jobs (And Bubble Wrap) To Charlotte NC - SC Border Highlights Jobs Competition http://wfae.org/post/nc-sc-border-highlights-jobs-competition <p>South Carolina scored some notable victories this week in the competition for new jobs in the Charlotte region. Three companies announced plans to bring a combined total of at least 3,900 new jobs to York and Chester counties. Two of those expansions involve relocating jobs that are currently based in Charlotte. &nbsp; John Lassiter, a former Charlotte City Council member who now chairs the North Carolina Economic Development Board, talks to WFAE's Mark Rumsey about the challenges in competing with the incentives that South Carolina can offer.</p><p> Wed, 18 Jun 2014 02:13:56 +0000 Mark Rumsey 53136 at http://wfae.org Lawmakers Try To Rally Support For Film Funds http://wfae.org/post/lawmakers-try-rally-support-film-funds <p></p><p><span style="line-height: 1.5;">In Raleigh Wednesday, a bipartisan group of lawmakers took to a stage of sorts, in an effort to build support for the state’s film incentives. The tax rebate program faces an uncertain future and may expire at the end of the year.&nbsp;</span></p><p> Wed, 04 Jun 2014 19:45:29 +0000 Tom Bullock 52282 at http://wfae.org Lawmakers Try To Rally Support For Film Funds Improving Economy In Lincoln County Means Less State Money To Lure New Companies http://wfae.org/post/improving-economy-lincoln-county-means-less-state-money-lure-new-companies <p>Lincoln County’s economy is improving. Unemployment is down and incomes are up. But, that prosperity also means less state money can go toward luring new jobs.&nbsp;WFAE’s&nbsp;Duncan&nbsp;McFadyen&nbsp;explains.</p><p> Thu, 12 Dec 2013 16:39:31 +0000 Duncan McFadyen 40950 at http://wfae.org Improving Economy In Lincoln County Means Less State Money To Lure New Companies 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' Cleveland County Approves Incentives For Unknown Company http://wfae.org/post/cleveland-county-approves-incentives-unknown-company <p>Cleveland County commissioners took a bit of an unusual vote Tuesday night at a public hearing. The commission approved tax incentives to lure a new business to Shelby—that part’s pretty standard. The strange part is that they don’t know what the business does.</p><p>Commissioners and documents just refer to the company as Project Gnome. Even commission chairman Ronald Hawkins doesn’t know the identity.</p><p>“I prefer not to know the details about the project, other than that there will be jobs [and] they will be good jobs,” Hawkins says.</p> Wed, 19 Jun 2013 22:08:07 +0000 Ben Bradford 29726 at http://wfae.org Cleveland County Approves Incentives For Unknown Company Were Chiquita's Bananas Good For Charlotte? http://wfae.org/post/were-chiquitas-bananas-good-charlotte <p>Chiquita<span style="line-height: 1.5;"> will hold its annual shareholders meeting in Charlotte for the first time Thursday. &nbsp;It's a sign the company's relocation from Cincinnati is complete – and it's an opportunity to take a look at what Charlotte taxpayers got for the generous tax incentives they gave </span>Chiquita<span style="line-height: 1.5;">.</span></p><p> Tue, 21 May 2013 21:29:27 +0000 Julie Rose 27756 at http://wfae.org Were Chiquita's Bananas Good For Charlotte? Panthers Get Special Access To Closed Council Meetings http://wfae.org/post/panthers-get-special-access-closed-council-meetings <p><span style="line-height: 1.5;">Most of the Charlotte City Council's debate and deliberations about spending tax dollars on a renovation of Panthers' Stadium happened behind closed doors. That's pretty common when a city is hashing out economic incentives.&nbsp; But this case stands out because the Panthers were given unprecedented access to the council's process.</span></p><p></p><p> Tue, 07 May 2013 09:00:00 +0000 Julie Rose 26728 at http://wfae.org Panthers Get Special Access To Closed Council Meetings Incentives That Landed Iron Man 3 Production Under Legislative Review http://wfae.org/post/incentives-landed-iron-man-3-production-under-legislative-review <p>Iron Man 3 – one of the most expensive films to ever come out of North Carolina – hit theaters Friday. It received $20 million in state incentives and lawmakers are now <a href="http://www.ncleg.net/gascripts/BillLookUp/BillLookUp.pl?Session=2013&amp;BillID=H994&amp;submitButton=Go">debating a bill</a> that would remove the state's film tax credit – the same credit that brought the Iron Man 3 production to the state.</p><p></p><p> Sat, 04 May 2013 00:27:37 +0000 Tasnim Shamma 26593 at http://wfae.org Incentives That Landed Iron Man 3 Production Under Legislative Review Outlet Mall Developers Seek Tax Incentives http://wfae.org/post/outlet-mall-developers-seek-tax-incentives <p>Developers of a proposed outlet mall in southwest Charlotte want the city and county to pitch in up to $6 million for streets and utilities.&nbsp; The request goes before the city council Monday night and will be in the Mecklenburg County Commission's hands Tuesday. WFAE's Julie Rose explains:</p><p></p><p><span style="line-height: 1.5;">The city and county are increasingly being hit up by developers for what's called a "tax increment grant."</span></p> Mon, 18 Feb 2013 21:43:04 +0000 Julie Rose 21648 at http://wfae.org