RALEIGH, N.C. — House Republicans have rolled out an economic development package they hope will help Gov. Pat McCrory recruit more companies and jobs to North Carolina.
The long-awaited measure filed Tuesday would increase the cap on what's now called the Job Development Investment Grant program, which makes payments to qualifying companies based on a portion of income taxes paid by hired workers.
The Senate is already modifying the bill and worries companies will use the grants to bring workers from out-of-state, instead of hiring locally.
The measure also allocates $20 million for another manufacturing incentives program, extends the jet fuel sales tax refund for airlines and adjusts the credit for computer data storage centers.
Left out of the legislation is a program authorizing companies to raise capital through small, individual investments and a restoration of a tax credit sought by McCrory for renovating historic buildings.
The bill won't be debated until at least next week.
WSOC
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