Corporations considering a headquarters move to Charlotte or the Triangle would be offered an additional incentive â potentially worth millions of dollars â to spread the economic benefits to less vibrant areas of the state under a bill that cleared the N.C. Senate last week.
Republican-sponsored Senate Bill 493 modifies the stateâs Job Development Investment Grant program â the primary economic-recruitment tool for corporations being recruited by other states.
The co-primary sponsors include Sens. David Craven Jr. of Randolph County and Vickie Sawyer of Yadkin County. The Senate voted 49-0 for the bill.
An economic reality for much of this century â oftentimes to the frustration of Triad civic and elected officials â has been that most corporations contemplating a headquarters move into North Carolina look only at the stateâs two primary economic engines in Wake and Mecklenburg counties.