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NC House Republicans File Awaited Recruiting Measure

AP Photo
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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