Lawmaker: Incentives change could soon mean HQ in N Carolina

Published 11-29-2018

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RALEIGH, N.C. (AP) - A lawmaker says making taxpayer-funded payouts more generous to corporations that move high-paying jobs to North Carolina could soon result in a big business relocation.

The General Assembly gave final approval Thursday to a measure more than doubling the per-job payment the state can make to companies that meet job creation and investment levels. The per-job annual cap will rise to $16,000 after Gov. Roy Cooper signs the legislation.

Bill supporters say it will help attract companies with high-salaried executives, and legislators shepherding the bill say one corporate headquarters they didn't identify by name could soon move to the state because of it.

Mecklenburg County Rep. Bill Brawley said in a committee that he's been involved in bringing a headquarters and 750 jobs to Charlotte, with $85,000 median salaries.

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