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North Carolina lawmakers are considering breaking with a generation of state job-hunting efforts and giving corporations upfront money to move.
People in the Port City who rely on the film industry to survive took their fight to extend film incentives to Raleigh today. Film incentive advocates tried to educate state lawmakers on what the incentives mean and how they positively impact the state, but some people were not as enthusiastic about the future of film incentives in North Carolina.
The old world charm of downtown brings people from across the country to the Port City. With $1.6 billion in investments on the line, the expiration of the historic preservation tax credit could slow that down.
A British-based company that manufactures parts for automakers plans to expand a North Carolina factory by nearly 230 jobs over five years.
Film, television and commercial productions spent more than $275 million in North Carolina and employed about 14,000 people in the past fiscal year, according to NC Department of Revenue records.
Insurance giant MetLife Inc. is moving 2,600 jobs from offices in four Northeast states and California to North Carolina, which is offering tax and other incentives that could be worth almost $100 million.