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Final North Carolina incentives deal gets initial Senate OK

RALEIGH, N.C. (AP) — The political tussle over business recruitment incentives at the General Assembly has quieted in at least one chamber now that legislative leaders have come up with a negotiated measure as this year’s session nears adjournment.

The Senate voted unanimously Monday evening for a compromise bill that extends the state’s chief incentives tool — the Job Development Investment Grants — for another three years. The monetary value of the grants would grow to $20 million.

The bill also makes adjustments designed to benefit economically distressed areas. And sales tax exemptions are expanded for computer data center equipment and airline aviation fuel.

Legislators differed this session on approaching incentive changes sought by Gov. Pat McCrory.

One more Senate vote and two House votes are required before the measure reaches McCrory’s desk.

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