Posts Tagged ‘cash incentive’

When May NC Local Governments Pay an Economic Development Incentive?

Tuesday, December 17th, 2013

News outlets regularly report about the latest company that was lured to North Carolina through the payment of a cash economic development incentive by a local government and the state. Local government cash incentives often take the form of an annual cash payment to a company that is contingent on the company’s creation of jobs, […]

Did the NC Supreme Court put cash economic development incentives in jeopardy?

Tuesday, December 18th, 2012

Cash economic development incentives are widely used by local governments to induce companies to locate in their jurisdictions. A 2006 survey indicated that more than 40% of North Carolina local governments employ cash incentives for business recruitment. And yet, no statute contains language specifically authorizing cash incentive payments. G.S. 158-7.1(b) contains a rather comprehensive list […]

Valid Cash Incentive or Illegal Tax Rebate?

Wednesday, October 28th, 2009

One news outlet reported that in exchange for constructing a data center in North Carolina, Apple Inc. will be reimbursed by North Carolina local governments for “50 percent of tax revenue on real estate property — buildings and land — and 85 percent of tax revenue on business property — computers and other equipment — […]