North Carolina lawmakers back economic incentives agreement


Associated Press

RALEIGH, N.C. (AP) – A package of economic incentives sought a year ago from Gov. Pat McCrory’s administration is just one General Assembly vote away from his desk.

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The House gave tentative approval Tuesday to the “North Carolina Competes” initiatives, which is anchored by changes to the Job Development Investment Grant program. The Senate gave its final unanimous approval Tuesday to the compromise. Senators gave preliminary approval by a similar margin Monday night.

The House is expected to consider giving final approval Wednesday.

The debate was vigorous Tuesday in the House, where lawmakers used arguments repeated over the years at the legislature about the efficacy of incentives.

The annual amount of grants the state can commit to annually through JDIG would grow from $15 million to $20 million.

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