Posts Tagged ‘economic development incentives’

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, […]

New Rural Economic Development Division and Other 2013 North Carolina Legislation

Friday, August 2nd, 2013

The North Carolina General Assembly wrapped up the 2013 session after approving several pieces of legislation related to community economic development (CED). This post summarizes some of the major legislation of interest to public officials, such as progress toward a statewide public-private partnership for economic development, the establishment of a Rural Economic Development Division at […]

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 — […]

Utility Rate Discounts – Can a local government cut its utility customers a break?

Monday, August 17th, 2009

This is perhaps my most frequently asked question, and it comes up in a variety of contexts. Some local governments wish to provide discounted utility services (particularly water, wastewater, and solid waste) to certain targeted populations, such as low income customers, senior citizens, and veterans. Other units seek to charge lower rates to religious, educational […]