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"Drowning under N.C.'s $524 million tax credit tab"

Triangle Business Journal

May 13, 2016

The Triangle Business Journal called on Nexsen Pruet attorney Ernie Pearson for insight into economic development in the Tar Heel state.

The story published on May 13th was entitled, "Drowning under N.C.'s $524 million tax credit tab." An excerpt:

Ernie Pearson, president of the North Carolina Economic Developers Association, which advocates on behalf of the economic development agencies and its professionals across the state, says the group still supports tax credits as an incentive tool, but the credits are lower on their legislative agenda for 2016.


“We still support tax credits, but our focus right now is trying to get the business facilities bill passed,” says Pearson in reference to HB 108 that would create a loan fund to help build new office, flex and industrial buildings for prospective companies and job creators in areas of the state that have no available inventory.

 

Read more from the Triangle Business Journal (subscription required).

Ernie Pearson creates solutions for companies expanding, existing or locating new facilities that take into account all site selection needs and maximize incentive support. He is President of the North Carolina Economic Developers Association and past Assistant Secretary for Economic Development in NC.

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