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Lawmakers in Raleigh have unveiled a bill which would greatly increase the money the state can use to lure companies to relocate or expand in North Carolina.

For much of this year Governor Pat McCrory has been asking lawmakers to increase these tax incentives. The House agreed, the Senate balked.

Now the two chambers have compromised.

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. 

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.

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.

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.

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.

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.

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.

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.

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.