Thursday, 15 November 2007 22:22
North Carolinians are strong supporters of local governments
using economic development incentives such as tax credits to coax companies to
relocate or expand their businesses in the state.
That’s according to a poll
released this week by the North Carolina Economic Developers Association.
Tax breaks entice companies like Google Incorporated
to relocate to North Carolina. Earlier this year, Google accepted almost $100
million worth of tax incentives, including a 100 percent waiver on county and
city business property taxes and an 80 percent waiver on county and city real
estate property taxes over the next 30 years, to open a Lenoir facility. The
new data center is expected to create over 200 jobs.