Business Incentives

Courtesy of the North Carolina Film Office

The director of North Carolina’s film commission is in Park City, Utah, to attend the annual Sundance Film Festival. He’s there to convince directors, producers and executives to shoot their productions in North Carolina. But it’s a hard sell due to the state’s scaled back film incentives program. 

Jeremy Brooks

WFAE's Duncan McFadyen reports on the mixed reactions to Wednesday’s news that Chiquita plans to close its corporate headquarters in Charlotte.

Courtesy of EUE/Screen Gems

It’s been more than 24 hours since Speaker Thom Tillis and Senator Pro Tem Phil Berger announced a budget deal was all but done.

Senator Berger said the document would be printed – and published online for all to see late Tuesday night or sometime today.

That still hasn’t happened. Which means there are scant details on just how the General Assembly will pay for the teacher raises and other new spending they announced yesterday afternoon.

Tasnim Shamma

Appliance Maker Electrolux announced it will add more than 800 jobs with the expansion of their U.S. corporate headquarters in Charlotte. Electrolux says it will also invest more than $85 million toward construction costs for the expansion.

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.

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.

Cabarrus County Bows Out Of 'Incentives Game'

Oct 31, 2013

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."

Well, officials in Cabarrus County have made the risky decision of saying "No more."

Paying For Film, Part 3: How NC Compares

Aug 29, 2013

Thirty productions claimed tax credits last year 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: Homeland and Banshee. 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. 

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 to answer a few questions.

Paying For Film, Part 2: What We're Spending

Aug 29, 2013

One billion dollars.  That's what production companies have spent filming in the state since 2007.   

Now here's another number: $100 million.  That's about how much the state has paid those companies in incentives in that time. 

Good deal, right? Spend $100 million to get one billion?  But there's more to the story.

Paying For Film, Part 1: What We're Getting

Aug 28, 2013

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. 

But neither side is spinning the full story of these incentives, so WFAE begins a two-part series to explain. 

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.