Enacts new Part 4, District Economic Development Initiatives, in Article 16 of GS Chapter 153A, consisting of new GS 153A-317.30. Allows two or more counties to enter into and carry out an agreement to establish an economic development initiative. Allows (1) the financing and operating of an economic development initiative facility, (2) construction of such a a facility or designation of an existing facility, and (3) entering into and carrying out agreements under which one unit may use the local economic development facility owned and operated by another. Requires the Department of Commerce to provide technical and other assistance.