NCPI Workmark
Articles in regional publications that pertain to a wide range of North Carolina-related topics.

Attracting New Industry with State and Local Inducements

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In recent years, competition among states and local communities to attract new industry to their areas has increased and taken on new major methods. Aiding businesses in locating to their areas, states and local entities use property tax exemptions, industrial bond issues, and quasi-public development corporations. However, some businesses, like General Electric which operates out of North Carolina, look for business climate, competitive costs and community loyalty rather than tax favors.