AN ACT TO ENACT THE NORTH CAROLINA COMPETES ACT.
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.
© 2021 School of Government The University of North Carolina at Chapel Hill
This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.