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Record #:
10261
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In this second annual relocation guide, NC Magazine examines what makes North Carolina a great state for business, including business climate, education, government cooperation, transportation and quality of life.
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Record #:
9404
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North Carolina has a region that can fit whatever need relocating businesses or people need, whether it is a strong education system, mild climate, central location, or a technological center. Harris discusses what each of the following state regions has to offer: Advantage West, Charlotte, Piedmont Triad, Research Triangle, Northeast, Southeast, and Eastern.
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Record #:
3607
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In 1997, the state recruited over 800 businesses that invested up to $50 million each. They created about 60,000 jobs. However, the inability to offer competitive business incentives and tax abatements makes recruiting larger companies hard.
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Record #:
3835
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After years of taking a conservative approach to offering business incentives to relocating companies, and losing out to other states in competing for Mercedes and Motorola, the state is now into incentives in a big way. Some $133 million brought Federal Express to Greensboro and $152 million encouraged Nucor to build a steel mill in Hertford County.
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Record #:
3491
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Since the General Assembly passed the William S. Lee Quality Jobs and Expansion Act in 1996, 21 companies indicated the legislation was instrumental in their decision to relocate to the state. Companies include Corning, Inc. and Polar Plastics.
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Record #:
3544
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Economic development incentives, including tax incentives and financial aid, are used by states to attract businesses. Being outbid by other states for companies like Mercedes-Benz has led the state to formulate a policy on incentives.
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North Carolina Insight
(NoCar JK 4101 N3x), Vol. 17 Issue 2 and 3, Dec 1997,
p23-30, 34-45,48-49, il, f
Periodical Website
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Record #:
2802
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Businesses move for a number of reasons: consolidation, bankruptcy, better offers. Some cities coping with recent losses are Greenville (Glaxo Wellcome) and Tarboro (Black and Decker).
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Record #:
3009
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The state, which was first in the nation in 1992 in attracting new businesses, was replaced by Ohio from 1993 to 1995, and faces increased recruiting competition as other states become more aggressive in using business incentives.
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Record #:
2399
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To bring companies and jobs to their area, competing cities sometimes offer attractive incentives, like use of a speculative building. While this can be a sound business approach, it can also be detrimental, creating costs that have not been budgeted.
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Record #:
2455
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The Governor's Industrial Competitiveness Fund provides financial incentives to encourage businesses to relocate to the state. The fund is controversial, however, and the 1995 General Assembly reduced funding by 80 percent, to $2 million.
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Record #:
1020
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Traditionally rural counties surrounding the state's metro regions are attracting businesses seeking cheaper land, a ready work force, and less local bureaucracy.
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Record #:
1167
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North Carolina's cities and counties offer incentives to businesses to lure them to the area. This practice is viewed positively by some, negatively by others, but as an existing and necessary reality by all.
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