Economic Incentives

Local News
8:51 am
Fri March 20, 2015

Split On Incentives Reflects General Assembly's Geographic Divide

Credit Jim Bowen / Flickr

Governor Pat McCrory has made replenishing the state’s economic incentives fund one of his top, immediate priorities. This week Republican leaders in the Senate introduced their own plan, which differs significantly from the governor’s. It sets up a debate over incentives, but also falls into a larger, intra-party fight that’s as much regional as ideological.


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Local News
4:34 pm
Wed March 4, 2015

Economic Incentives Move Toward Final Vote In NC House

Credit Jim Bowen / Flickr

A bill containing tax breaks to lure businesses to North Carolina passed its first vote in the state House of Representatives, although it divided both parties. The bill expands several economic incentives, but sponsors emphasized one goal in particular: to lure a carmaker to the state.

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Local News
4:52 pm
Fri February 6, 2015

Mass Layoffs At Chiquita Headquarters To Begin In April

Chiquita will close its headquarters at the NASCAR Hall of Fame in Uptown by the end of the year.
Credit Duncan McFadyen

Chiquita has notified state officials the company will close its Charlotte headquarters slightly earlier than expected, with layoffs to begin in two months.


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Local News
9:35 am
Thu July 24, 2014

Sealed Air Corporation Bringing 1,262 Jobs (And Bubble Wrap) To Charlotte

Governor Pat McCrory shares a laugh with Sealed Air CEO Jerome Peribere.
Credit Michael Tomsic

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.

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Local News
10:13 pm
Tue June 17, 2014

NC - SC Border Highlights Jobs Competition

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.   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.


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Local News
3:45 pm
Wed June 4, 2014

Lawmakers Try To Rally Support For Film Funds

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. 

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Local News
11:39 am
Thu December 12, 2013

Improving Economy In Lincoln County Means Less State Money To Lure New Companies

Credit Lincoln County, N.C.

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. WFAE’s Duncan McFadyen explains.


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Local News
8:55 pm
Thu October 31, 2013

Cabarrus County Bows Out Of 'Incentives Game'

Cabarrus Couny Commissioners (clockwise from back left) Steve Morris, Jason Oesterreich, Larry Burrage, Chris Measmer, Liz Poole.
Credit cabarruscounty.us

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."


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Local News
6:08 pm
Wed June 19, 2013

Cleveland County Approves Incentives For Unknown Company

The original Project Gnome was an underground nuclear test in New Mexico, in the 1960s.
Credit Department of Energy

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.

Commissioners and documents just refer to the company as Project Gnome. Even commission chairman Ronald Hawkins doesn’t know the identity.

“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.

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Local News
5:29 pm
Tue May 21, 2013

Were Chiquita's Bananas Good For Charlotte?

Former NC Governor Bev Perdue sports a yellow bowtie to the Chiquita jobs announcement.
Tanner Latham

Chiquita will hold its annual shareholders meeting in Charlotte for the first time Thursday.  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 Chiquita.


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