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NC House Republicans File Awaited Recruiting Measure

mccrory.jpg
AP Photo
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Governor Pat McCrory

House Republicans have rolled out an economic development package they hope will help Governor Pat McCrory recruit more companies and jobs to North Carolina.

The long-awaited measure filed Tuesday would increase the cap on what's now called the Job Development Investment Grant program, which makes payments to qualifying companies based on a portion of income taxes paid by hired workers.

The measure also allocates $20 million for another manufacturing incentives program, extends the jet fuel sales tax refund for airlines and adjusts the credit for computer data storage centers.

Left out of the legislation is a program authorizing companies to raise capital through small, individual investments and a restoration of a tax credit sought by McCrory for renovating historic buildings.

The bill won't be debated until at least next week.

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