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Incentives

New Hanover mulls $500,000 worth of incentives for Fortron

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video New Hanover County will consider ponying up $500,000 worth of incentives for Fortron Industries LLC. Full story...
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Incentives move cold storage project at port forward

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video USA InvestCo plans to create 100 jobs and invest more than $15 million in a new cold storage facility at the Port of Wilmington according to Governor McCrory's office. The company is developing the Port of Wilmington Cold Storage facility (PWCS), a 75,000-square-foot cold storage facility that will store locally produced pork, poultry, fruits and vegetables. PWCS could eventually be expanded to 300,000 square feet depending on demand. Full story...
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New seafood processor creating 120 jobs in Pender County

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videoA seafood processor plans to create more than 100 new jobs in Pender County, according to state and local leaders. RC Creations, LLC, a seafood processing company, plans to create 120 new jobs and invest more than $25 million by the end of 2017. Full story...
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County approves $325,000 incentive for Live Oak Bank; city votes Tuesday

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video New Hanover County Commissioners voted Monday to make a partnership payment of $325,000 over the next five years with Live Oak Bank. The bank's expansion in Wilmington is expected to bring more than 100 jobs. Full story...
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2 NC governments consider incentives for Carowinds

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Local governments are considering whether to help Carowinds by giving more than $900,000 in incentives to the corporate owner of the theme park that straddles the North Carolina-South Carolina. Full story...
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Wilmington & New Hanover Co. may pay half million in incentives to Live Oak Bank

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Wilmington and New Hanover County officials are considering ponying up $575,000 worth of incentives for Live Oak Bank. Full story...
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Commerce head wants fracking tax for incentives

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The head of North Carolina's economic development agency says she wants to tax fracking to raise money for incentive deals that can lure companies to locate or expand in the state. Full story...
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New Hanover Commissioners approve incentives for GE Aviation

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The New Hanover County Board of Commissioners unanimously approved a proposal to give General Electric Aviation more than $800,000 in incentives Monday night. Full story...
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NC official: MetLife breaks could shut out others

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North Carolina business recruiters say a whopping package of about $100 million in state and local incentives to get MetLife Inc. to move 2,600 jobs to North Carolina could stall benefits for other companies or force lawmakers to loosen the rules. Full story...
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Castle Branch to bring headquarters, 420 jobs to Wilmington

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video After looking into opportunities in California and Canada, Castle Branch, which does background and drug screenings for employers, says Wilmington is the place it will continue to call home. Full story...
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Local lawmaker fights for incentives

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videoState Representative Ted Davis is rallying local leaders together to promote the film industry. In 2010, the state's film tax incentives were increased from 15% to 25%, letting production companies keep more money in their pockets. Full story...
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Dalton says NC needs to boost business incentives

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Today was the first full day of Walter Dalton's campaign for governor. He spent part of it here in the Cape Fear. The current lieutenant governor visited Screen Gems Studios in Wilmington a day after filing to run. Full story...
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Brunswick Co. leader says 'large project' in the works, met with company last week

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video Word of whether Brunswick County will be the new home for Caterpillar is still under wraps, but one county leader has confirmed a big project is currently in the works. Full story...
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Loss of 'Project Soccer' leads to finger pointing

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video It's official. Southeastern North Carolina has lost more than 1,000 jobs to the Palmetto State. Continental Tires announced it will build a $500 million facility with 1,600 jobs in Sumter County, South Carolina. Now the state legislature and the governor's office here in North Carolina are playing the blame game. Full story...
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Senator Berger blames Perdue's "Pay-to-Play Politics" for losing "Project Soccer"

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“This is embarrassing for North Carolina. It’s this kind of incompetence and unethical behavior that has disgraced Democrat politician after Democrat politician in North Carolina. And we will not allow the state to do business like this anymore.” - State Senator Phil Berger Full story...
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