Posts Tagged ‘economic development incentive’

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 […]

Local government assistance for a real estate development project—without making a grant

Tuesday, September 18th, 2012

Al Czervik is a real estate developer who has invested in several shopping malls and mixed-use developments across the Tar Heel state. He is planning a mixed use development called “Gopher Commons” in your community, but “in order to make the numbers work,” he claims that he needs local government assistance to address a “financing […]

Is Interstate Competition Required for Economic Development Incentives?

Tuesday, March 15th, 2011

A company’s sole facility has been located in North Carolina for the past decade, but the company recently decided to move its facility to a new location in order to expand its operations. It has three choices: (1) move to an available facility in the same county in which it is currently located, (2) move to an available facility in […]