Bill Summary for H 117 (2015-2016)

Summary date: 

Mar 3 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 117 (Public) Filed Tuesday, February 24, 2015
AN ACT TO ENACT THE NORTH CAROLINA COMPETES ACT.
Intro. by S. Martin, Jeter, Collins, Steinburg.

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Bill summary

House committee substitute to the 2nd edition makes the following changes.

Adds a requirement that the Department of Commerce study the factors that have contributed to the termination of grants awarded under the Job Development Investment Grant Program. Requires examining other states' efforts that have allowed similar economic development programs to incent businesses to create jobs in order to determine best practices for remediating business underperformance to lower the number of terminated community economic development agreements. Requires a report to be submitted to specified legislative committees and the Fiscal Research Division by March 1, 2016.

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