Bill Summaries: H490 (2021)

  • Summary date: Apr 1 2021 - View summary

    Appropriates an unspecified amount for 2021-2020 from the General Fund to the City of Roanoke Rapids for the city to develop and implement an economic plan for job creation, increasing the tax base, accelerating public-private investment, and positioning of the area surrounding Exit 171 off of Interstate 95 (subject area) as a business community. Requires that the plan (1) address and advance, at least, land use planning, maximizing underutilized local and regional resources, infrastructure development, and business recruitment for the subject area and (2) have at least the 8 specified elements, including a business recruitment campaign, an effective branding and marketing strategy, recommendations as to types of economic incentives likely to spur capital investment, and means by which to achieve economic stability in the infrastructure, physical development, and layout of the subject area. Effective July 1, 2021.