N.C. Senate weighs changes to economic incentives

N.C. Senate weighs changes to economic incentives

A bill advancing in the N.C. Senate would redirect some state business recruitment incentives away from wealthier urban counties to help boost economic development in poorer areas of the state. Under Senate Bill 660, the 20 wealthiest counties would be limited to no more than half of the $20 million in Job Development Investment Grant funds available each year. The other 50% of JDIG funds would have to go to business projects in the other 80 counties.

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