Business Incentives

RDU
www.rdu.com

There is a major push to bring a second Trans-Atlantic flight to Raleigh Durham International Airport.  The Airport Authority wants it, the business community wants it, and so do travelers.

But don’t hold your breath.  Luring international flight service to RDU can be just as hard as trying to convince a major corporation to move here.

A Rooms To Go billboard.
Jeff Tiberii

They’ve been called a deal breaker, a necessary evil, and largely useless.

Lawmakers are debating the role of economic incentives. Growing the economy is a complicated and arduous process. Senators approved a short-term allocation for incentives yesterday. The long-term funding plan is not as clear.

All vehicles traveling north on I-95 about halfway between Raleigh and Fayetteville pass a massive construction site in Dunn.  The unfinished building is longer than a football field.

Photo: Filming of Iron Man 3
Marvel

North Carolina will offer up to $10 million a year until 2020 to encourage video production companies to film in the state, as part of the new incentives package going into effect today.

The state's new grant program will give preference to filmmakers who use "economically distressed" locations or show attractions that could promote tourism to the state, according to guidelines drafted by the N.C. Film Office.

Commerce Secretary Sharon Decker, Gov. Pat McCrory, and Department of Environment and Natural Resources Secretary John Skvarla
Jorge Valencia

There will be some key changes to Governor Pat McCory’s cabinet in the New Year. Commerce Secretary Sharon Decker is stepping down. And Environment Secretary John Skvarla will be the new head of the commerce department. The two positions are central to the governor's plan to attract businesses to North Carolina.

The governor feels very passionately about the members of his cabinet, or as he prefers to call it: his team. Yesterday, he was in front of a crowd in the historic chambers of the Old Capitol building, and beside him was Sharon Decker.

NC General Assembly; State Legislature.
Dave Crosby / Flickr Share-Alike

State lawmakers are at odds over intertwined bills that many argue are postponing the adjournment of the legislative session.

One of those measures -- House Bill 1224 -- is loaded with job-creation incentives aimed at luring businesses to the state. It would also cap local sales taxes.