Find Real Estate Agents and Homes for Sale


Real Estate News --> North Carolina News

NC's $1.6B incentive offer to Toyota-Mazda filled with perks


State of NC $100,000 Site Preparation Real Estate - Land Conveyance Site will be conveyed to end user at no cost. North Carolina Railroad, Randolph County and Greensboro Megasite Foundation $48,000,000 Site Preparation Site Infrastructure Development Fund ...


Archived Story

Two dry days, then rain returns for the weekend Sponsor Weather Natural beauty: Breathtaking snowy scenes across NC DUALDoppler5000 Follow the games with us February 8-25 on WRAL › Sports Sports Home Our Take All Columns Caulton Tudor Lauren Brownlow Marilyn Payne Adam Gold Joe Ovies Bob Holliday Jeff Gravley NC State UNC Duke ECU Hurricanes Panthers Olympics HighSchoolOT More Sports Bulls NASCAR Golf Soccer MLB NBA NFL NHL Tennis More Schools Appalachian State Campbell NC Central StAugustine's Shaw Colleges Balanced scoring, big run pushes UNC past Duke, 82-78 WRALSportsFan The first controversy of the Winter Olympics -- and it's over a coin toss College Basketball Robinson's career night lifts Hokies past NC State Contests Football Friday Challenge WRALSportsFan.com Auto Racing Challenge This week's on-air giveaways Our Take Unbundling: Can't get WRAL or WRAZ on cable? Cut the cord. Remembering Charlie Adams and his legacy WRAL News and Weather Now available on Amazon Echo › Business Business Home Market Summary Market News Stock Quotes Market Movers Tax Guide WRAL TechWire Technology As Winter Olympics open, here’s how to watch the Games online Technology Reviewing smart speakers: Apple’s HomePod has arrived – don’t rush to buy it Business Congress stumbles into gov't shutdown, budget deal stalled Amazon HQ2 Atlanta is frontrunner Triangle on HQ2 shortlist Robot age This robot can walk and swim — inside your body With click or tap, get to know who represents you @NCCapitol › Opinion Opinion Home Editorials Blog Editorial Cartoons DRAUGHON DRAWS: Justice on the defense in N.C. Editorial: Teachers group needs to hear from Superintendent Johnson, he NEEDS to hear from teachers Editorial: U.SSupreme Court casts wary view on gerrymandering Celebrate the best of local View the winners now! › Consumer Consumer Home 5 On Your Side Restaurant Ratings Recalls Complaint Form SmartShopper Instant Savings 5 On Your Side Who's controlling your channels? Hackers can break into Smart TVs Technology Apple ‘exploring’ rebates to customers who bought batteries for old iPhones House & Home The appliances most likely to catch fire in your kitchen 5 On Your Side Haggle over anything Maximize TV picture Resources WRAL SmartShopper Consumer recalls Get Out of Debt Guy File a consumer complaint >> Health & Life Health & Life Home Health Team Go Ask Mom Aging Well Pets Family House & Home Food & Shopping Food SmartShopper Healthy Recipes Grocery Cart Tracker Travel Health Team AP count: Nearly 11.8M enroll for Obama health law in 2018 Entertainment Have You Seen This? Can you hear the difference of a cheap piano and an expensive piano? Family Families are packing their schedules - but what's lost may be as valuable as what's gained Ask DrMask What to do if you get the flu Parents: Use your instincts during this aggressive flu season Aging Well Adult day care: a good option Ease resistance to assisted living Out & About TV Watch the latest videos › Entertainment Entertainment Home Out & About   • Voters' Choice   • Restaurants   • Movies   • Music   • Out & About TV   • More O&A Shopping & Retail Arts Sports Families Pets Community Yard Sales Seasonal 919 Beer Lottery Nightlife Photos Contests Games Out and About Weekend best bets: Mardi Gras celebrations, Globetrotters Entertainment 'This is Us' recap: 'The Car' offers glimpse into life after Jack Out and About Coolio, Young MC to play Fayetteville Dogwood Festival Out & About Best Bets Calendar from Out & About Nightlife and Party Pics Submit your event Share Your Fan Pic Enter Now › Video Video Home Weather Forecast News Brief Lottery Drawings Day Pick 3, Pick 4 EvePick 3, Pick 4 Powerball Mega Millions WRAL-TV Schedule NBC Shows Weather WRAL WeatherCenter Forecast Colleges Recap: UNC holds up inside in comeback win over Duke North Carolina Dunleavy: Big run helps Heels down Blue Devils Contact Us People of WRAL Contact WRAL Watch WRAL, WRAL2 TV schedule On the Record WRAL documentaries Celebrate the best of local View the winners now! › 32° View: 7-Day | Hourly | Currently Local State @NCCapitol Education Traffic Investigations Nation World Politics Documentaries Weather 32° Menu alerts count populated by view.alerts_central.js --> Video WRAL.com Feeds Sign In Home News News Home Local State @NCCapitol Education Traffic Investigations Nation World Politics Documentaries Public Records Obituaries Green Crime Strange Archives Fayetteville Noticias Weather Weather Home Current Conditions Hourly Map Center   • DualDoppler5000   • iControl Alert Center Hurricanes Beach & Mountains CBC Solar Farm Almanac Webcams Ask Greg Weather Center Blog Resources Robocams NC County Map Sports Sports Home All Columns NC State UNC Duke ECU Hurricanes Panthers Olympics Bulls NASCAR Golf Soccer MLB NBA NFL NHL Tennis Appalachian State Campbell NC Central StAugustine's Shaw HighSchoolOT Business Business Home Market Summary Market News Stock Quotes Market Movers Tax Guide WRAL TechWire Opinion Opinion Home Editorials Blog Editorial Cartoons Consumer Consumer Home 5 On Your Side Restaurant Ratings Recalls Complaint Form SmartShopper Instant Savings Health & Life Health & Life Home Health Team Go Ask Mom Aging Well Tar Heel Traveler Pets Family House & Home Food SmartShopper Healthy Recipes Grocery Cart Tracker Travel Entertainment Entertainment Home Out & About   • Voters' Choice   • Restaurants   • Movies   • Music   • Out & About TV   • Shopping & Retail   • Arts   • Sports   • Families   • Pets   • Community   • Yard Sales   • Seasonal 919 Beer Lottery Nightlife Photos Contests Games Video Video Home Weather Forecast News Brief Day Pick 3, Pick 4 EvePick 3, Pick 4 Powerball Mega Millions WRAL-TV Schedule NBC Shows Spotlight Noticias Instant Savings Classifieds Real Estate Auto About Us Advertising Privacy & Terms Mobile Apps & Services Published: 2018-02-06 14:03:00 Updated: 2018-02-06 14:53:14 Comments Increase Text Size Print this story @NCCapitol NC's $1.6B incentive offer to Toyota-Mazda filled with perks Tags: Incentives, Department of Commerce, Economic Development and Jobs, Economy Posted 2:03 p.mTuesdayUpdated 2:53 p.mTuesday Leave this field blankYour e-mail address:*Your friends e-mail addresses (comma separated):*Subject:*Message:*A friend wanted you to see this item from WRAL.com: http://wr.al/1AeybGet a new codeAre you human?*You must enter the characters with black color that stand out from the other charactersfunction init_d2101a074780dad1c34ddfe79148625b(){if(typeof jQuery=="undefined"||typeof jQuery.fn.Zebra_Form=="undefined"){setTimeout("init_d2101a074780dad1c34ddfe79148625b()",100);return}else{$(document).ready(function(){$("#share_email_form").Zebra_Form({clientside_disabled:false,close_tips:true,on_ready:false,scroll_to_error:true,tips_position:'left',validate_on_the_fly:false,validate_all:false,validation_rules:{"from_email":{"required":["Your e-mail address is required"],"email":["Your e-mail address seems to be invalid"]},"to_email":{"required":["Recipient's e-mail address is required"],"emails":["Recipient's e-mail address seems to be invalid"]},"subject":{"required":["Subject is required"]},"message":{"required":["Message is required"]},"captcha_code":{"required":["Enter the characters from the image above!"]}}})})}}init_d2101a074780dad1c34ddfe79148625b() By Tyler Dukes, public records reporterRaleigh, N.C— A dedicated state employee at the Commerce DepartmentA $1 million international campaign to attract parts suppliersA free 1,500-acre megasite outside of Greensboro, valued at $48 million. Had Toyota and Mazda not passed up North Carolina last month for the site of their new joint car plant, the auto manufacturers would have nabbed these perks among a package of incentives worth $1.6 billion, documents released this week by the state Department of Commerce showThe auto partnership, codenamed "Project New World," instead chose Alabama for its new facility, expected to employ about 4,000 when it opens in 2021. dc.embed.loadNote('//www.documentcloud.org/documents/4367632-Toyota-Mazda-from-Commerce/annotations/402931.js'); View note Alabama offered a reported $800 million in incentives to the two companies, although it's unclear what kinds of incentives that number includes and whether it's comparable to North Carolina's package. Economic development experts and state officials have largely attributed the loss of the plant to a problem of geography – Alabama sits in a corridor of established auto parts suppliers and has easier access to the domestic market. But the records released by the Commerce Department late Monday show the lengths North Carolina officials went through to overcome that obstacle, marshaling resources from the legislature, utility companies and the community college system to offer the most expensive incentive package in North Carolina's historyThe documents also shed light on the largely secretive process – shielded by law from public view – to recruit companies with taxpayer dollars. Tax reform takes plays prominent role North Carolina's pitch leaned heavily on the state's recent tax reforms, implemented by Republican lawmakers with the goal to entice more businesses to the state and boost job creation. "Seeing as other states may have a higher face-value to their incentive package, someone (maybe the Secretary) should emphasize the lower total cost of doing business in North Carolina (i.eour incentives may not be as much as other states, but our taxes are also much lower than other states like SC)," Chris Chung, chief executive officer of the Economic Development Partnership of North Carolina, the public-private organization that works with the commerce department to recruit businesses to the state, wrote in an email to Commerce Secretary Tony Copeland. dc.embed.loadNote('//www.documentcloud.org/documents/4367632-Toyota-Mazda-from-Commerce/annotations/402910.js'); View note Valued at $565 million, the tax savings alone make up more than one-third of the incentive packageThat emphasizes the point tax reformers have been making for years, says Joe Coletti, a senior fellow at the conservative John Locke Foundation who reviewed the incentive offer Tuesday. "When you cut taxes for everybody, you're not picking winners and losers," Coletti said"It's the high point in this package." Cash grants to the companies from state and local governments accounted for more than $500 million, based on hiringThe offer from Randolph County amounted to $100 million alone. Coletti, whose organization is opposed to incentive grants, said that figure is a massive one for a single local governmentBy comparison, a 2015 tally by John Locke researchers showed all of North Carolina's counties committed a total of $284 million over five years. "I don't know that Randolph County can afford spending money on this," Coletti said"Everybody else in county is going have to cover that cost." A call to Randolph County Manager Hal Johnson for comment was not immediately returned Tuesday. CategoryProgramDescriptionPartyValue Workforce and Training incentivesTalent Identification and SelectionScreening and Assessment - In-kind services provided by NCWorks for employee screening based on job requirements and specifications developed by the company, ensuring the company only receives referrals who meet the job requirements.NCWorks$2,000,000 Workforce and Training incentivesNC Community Colleges - Customized TrainingCustomized Workforce Training helps attract and retain skilled workforce to new or expanding companiesNo other states have more experience assisting companies with this crucial matter than North CarolinaThe State of North Carolina pioneered this free, customized job training for new and expanding businesses in 1958, and continues to provide the nation's most-recognized, cutting edge job training serviceThis program provides customized education, training, development of instructional materials, and supporting services at no cost to eligible companies.NC Community College System$16,400,000 Workforce and Training incentivesGolden Leaf - Specialized Training CenterGolden LEAF will consider applications to assist eligible state, regional and local economic development entities with grants to support permissible activities that lead to job creation in tobacco-dependent or economically distressed areasEstimated value to be determined on best use of funds towards training-related assistance.Golden LEAF Foundation$25,000,000 Workforce and Training incentivesApprenticeship ProgramApprenticeshipNC helps workers learn new specialized skills needed in today's workforce through its apprenticeship programsApprentices train for an industry by receiving a combination of classroom instruction and on-the job trainingParticipants are paid for their work, and their wages will increase as they progress in the program.NC Community College System$3,000,000 Workforce and Training incentivesJapanese Saturday School Start-upThe North Carolina education cooperative and the North Carolina General will offer a grant and collaboration to begin a Japanese Saturday School program in North Carolina at a mutually agreeable location between company and state partners.State of NC$100,000 Site PreparationReal Estate - Land ConveyanceSite will be conveyed to end user at no cost.North Carolina Railroad, Randolph County and Greensboro Megasite Foundation$48,000,000 Site PreparationSite Infrastructure Development Fund Site infrastructure fund is an infrastructure and site readiness fund reserved for the most transformational projectsFunds go toward all site development and readiness expenses.State of NC$76,000,000 Infrastructure DevelopmentPublic Water and Sewer ImprovementsGolden LEAF Foundation and the City of Greensboro are committed to the needed water/wastewater improvements at the Greensboro-Randolph Megasite to faciltate the location of Project New World.Golden LEAF, City of Greensboro, NC Commerce$37,252,000 Infrastructure DevelopmentRail Access and Infrastructure ImprovementsNorfolk Southern in conjunction with DOT and the North Carolina Railroad Company will provide "on site" rail infrastructure to the client company.Norfolk Southern and North Carolina Railroad Company$18,000,000 Infrastructure DevelopmentRoad Access ImprovementsFunds are available through the NC Department of Transportation to construct roads to provide access to new or expanded industrial or manufacturing facilities, including mills, processing facilities and laboratories and other industrial research operations.

Trending North Carolina News:


  • Christensen: Focus on taxes could hurt what makes NC great for business
  • Dean Smith fought for integration
  • Magnolia Capital buys apartment complex for $56.7 million
  • Solar energy shines on Catawba County
  • NC Wildlife Commission adds to Haywood tract
  • Charlotte One Of Hottest Real Estate Markets In US: Zillow
  • Real factors, and how to use them
  • APNewsBreak: Andy Griffith widow to raze his home
  • North Carolina Adopts New Power of Attorney Statute
  • Fayetteville, North Carolina: Historic Military Town Goes Green
  • MassMutual's Barings, which now includes Babson Capital, looks to grow in North Carolina, London, has presence in Tower Square
  • W. Soccer. Irish Drop Hard-Fought 1-0 Match To #19 North Carolina
  • Texas leads the nation in adding grocery stores
  • Charlotte Hornets Star Nicolas Batum Buys $3.7M Mansion in North Carolina
  • Charlotte-Mecklenburg, NC Rolling Stock Auction
  • Russell Wilson, Ciara moved wedding from North Carolina over transgender bathroom bill
  • How to Insure a Real Estate IRA Property
  • In bid for CoStar, N.C. offered more cash, Richmond more in services
  • Seeking respect for the Order of Long Leaf Pine
  • Wanda Naylor: Be aware of NC property disclosure requirements