Articles in regional publications that pertain to a wide range of North Carolina-related topics.
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Record #:
22068
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Abstract:
In 1984 Italian movie producer Dino De Laurentiis arrived in Wilmington to build a studio. Since then over 350 films, television shows, and commercials have been shot there. The industry also has moved to other parts of the state, like Charlotte, Asheville, and the Appalachians. Last year, producers spent around $254 million in the state which created 4,000 jobs and 25,000 part-time and temporary ones. Financial incentives from the state have helped keep this industry working in the state. However, unless the incentives are renewed in June by the Republican-controlled NC General Assembly, they will expire at the end of 2014. What happens then to the film industry is uncertain.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 34 Issue 5, May 2014,
p48-55, il
Periodical Website
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Record #:
20570
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A number of North Carolina cities and towns are seeking to attract new business by offering incentive grants linked to property taxes. This means that a business that invests money in a new plant and equipment would receive property tax relief for a specified number of years. In essence the local government is refunding part of the taxes paid on property and creating a partial exception of the property from taxation. This bulletin examines whether such action is legal under the NC Constitution.
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Record #:
16697
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Economic incentives have helped companies relocate to the state and others in-state to expand. Jordan discusses three major state-level programs that provide incentives: the Job development Investment Grant (JDIG), One North Carolina Fund, and Article 3J Tax Credits. Other incentive programs beyond the big three are discussed.
Source:
Business North Carolina
(NoCar HF 5001 B8x), Vol. 32 Issue 5, May 2012,
p86-87, por
Periodical Website
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Record #:
43720
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In this article the author is discussing how the tax cuts and job act proposed my republican senator creates tax breaks for the creation of opportunity zones. There are talks that underway between city officials, universities, and the Durham Housing Authority about what census tract will get the opportunity zone. Andre Pettigrew, director of the city’s office of Economic and Workforce Development, states that they will be choosing census tract 10.02 and that they have a focus on the poverty reduction initiative which was proposed by the former Mayor Bill bell.
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Record #:
28472
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Film industry spending in North Carolina has declined significantly over the last five years. The industry has suffered after the General Assembly gutted a more generous incentive program three years ago. While North Carolina’s film infrastructure is one of the best outside of California, film production companies are lured elsewhere because of better incentives. Unclear is how the 2016 House Bill 2 or “bathroom bill” has affected the state’s ability to attract films.
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