Incentives

News
8:04 pm
Fri March 13, 2015

A Greater Grant? Bills Look To Boost State Money For Film And TV

Twin bills in the North Carolina House and Senate would increase the grant program from $10 million per year to $66 million per year.
Credit NC General Assembly

North Carolina’s new film grant program is just 72 days old. But already there are two bills aiming to change how much money the state can offer TV and movie productions in order to lure them to the state. 

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Local News
6:03 pm
Wed February 25, 2015

House Introduces New Incentives For Businesses

North Carolina House lawmakers have introduced a package of tax incentives designed to lure more businesses to the state.

The bill replenishes the state’s main fund to offer tax breaks to businesses, adding more than $20 million immediately. Governor Pat McCrory has said he needs the money to attract businesses currently considering a move. But lawmakers and advocacy groups on both sides of the ideological spectrum have questioned the program’s effectiveness.

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Local News
6:03 am
Tue February 24, 2015

Charlotte City Council Approves Frito-Lay Incentives

The Charlotte City Council approved a $3 million package of tax breaks for snack maker Frito-Lay to expand in the city.  

The maker of Fritos, Lays, and other potato chips and snacks has about 560 employees at a warehouse and distribution center in southwest Charlotte. Under the terms of the deal, Frito-Lay will receive $1.2 million in tax breaks from the city and another $2 million from Mecklenburg County. In return, Frito-Lay will create at least 30 jobs.

Councilwoman Vi Lyles says that’s a modest amount, but argues the deal makes sense.

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Business
12:11 am
Thu June 12, 2014

Are NC Film Incentives Worth It? Part 2: Running The Numbers

Filming of Iron Man 3 in Wilmington. The blockbuster was the first film in North Carolina to hit the $20 million dollar film incentive cap.
Credit Courtesy of the Wilmington Film Commission

The curtain is poised to come crashing down on North Carolina’s film incentive.

Wednesday, the House Finance Committee adopted a plan which would slash the amount a production company could receive, from $20 million to five million.

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Business
9:35 am
Wed June 11, 2014

Are NC Film Incentives Worth It? Part 1: How They Work

A chair on set of CBS's "Under The Dome"
Credit Courtesy of EUE/Screen Gems

For the past seven years North Carolina has been aggressively trying to lure movie and television shows to film in the state. Their bait? Tax dollars.

Since the program began it has been hugely successful. But the film incentive program is controversial. In Raleigh there is a movement to change the program or let it sunset at the end of this year.

This week, we take a closer look at the incentives program and proposals to change it. This report looks at how the system works and how much money just one TV show spends in the state.

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Local News
3:59 pm
Mon March 10, 2014

Merger Means Charlotte Will Share Chiquita With Dublin

Credit Julie Rose

Chiquita's merger with an Irish produce company will have a minimal impact on the number of jobs the banana giant keeps in Charlotte. The company currently employs about 300 people at its headquarters in uptown.


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Local News
9:01 am
Wed January 29, 2014

Lt. Gov. Makes Bid For Hannity

Usually it’s industries and companies that state politicians want to lure to North Carolina, but Lt. Governor Dan Forest is trying to lure conservative talk radio host Sean Hannity.


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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
9:45 am
Thu December 12, 2013

Carolinas, Other States To Boeing: Oh Oh, Pick Me!

In its factory in Monroe, Cyril Bath produces U-shaped parts for the Boeing 787 Dreamliner.
Credit Michael Tomsic

“We've got just what you need.”

That's basically what Boeing is hearing this week from leaders in the Carolinas, Missouri, California and about a dozen other places. They're submitting bids to build Boeing's new 777X airplanes - and win the thousands of jobs and millions of dollars in investment that come with them.


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