Economic Incentives

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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Local News
5:00 am
Tue May 7, 2013

Panthers Get Special Access To Closed Council Meetings

Carolina Panthers owner Jerry Richardson thanks the Charlotte City Council for committing tax dollars to renovate the stadium at a final meeting approving the deal on April 22, 2013.
Julie Rose

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.  But this case stands out because the Panthers were given unprecedented access to the council's process.


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Entertainment
8:27 pm
Fri May 3, 2013

Incentives That Landed Iron Man 3 Production Under Legislative Review

Iron Man 3 opened in theaters last week internationally and has already grossed $200 million. The movie was filmed in Wilmington.
Credit Marvel

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 debating a bill that would remove the state's film tax credit – the same credit that brought the Iron Man 3 production to the state.


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Local News
4:43 pm
Mon February 18, 2013

Outlet Mall Developers Seek Tax Incentives

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.  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:

The city and county are increasingly being hit up by developers for what's called a "tax increment grant."

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Business
1:47 am
Mon November 12, 2012

Charlotte Aims To Do Business With Local Startups

Charlotte has a reputation for fostering big business. Monday night the city council will vote on a plan to encourage the little guys - what it calls "High Growth Entrepreneurs."

Any small business with the potential to grow quickly fits the category – it could be a hot local restaurant starting to franchise, or a start-up with technology borne of a program at UNC Charlotte. 

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Business
9:22 am
Thu October 11, 2012

New Top Banana Meets Chiquita Employees - And Charlotte

New Chiquita CEO Ed Lonergan
Julie Rose

The new CEO charged with restoring Chiquita's profits is on the job now and busy introducing himself to the company's 20,000 employees.

Just before speaking with WFAE, he met with an auditorium full of Chiquita employees clad in blue and yellow shirts. Lonergan was impressed.

"That's a really interesting thing for me, because I came here because I have passion for the legacy of this brand and the future potential that it has," says Lonergan. "I also came here because every person I met wears that passion on their sleeve, literally."

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