2005 North Carolina Code - General Statutes Article - Manufacturing Redevelopment Districts.

Article 41.

Manufacturing Redevelopment Districts.

§ 66‑340.� Legislative findings.

(a)������ The General Assembly of North Carolina makes the following findings regarding the need for manufacturing redevelopment districts:

(1)������ Economic development in the State will be served by providing an opportunity to restart production in manufacturing facilities designed for targeted industries such as photographic materials, digital inkjet products, digital photographic applications, and other photographic printing technology, thereby providing employment opportunities for the residents of North Carolina.

(2)������ When an existing facility can be modified to meet the needs of the new industry and thereby preserve and create jobs, it is in the public interest to provide a mechanism for these modifications to occur.

(3)������ Economically distressed counties continue to lose manufacturing jobs, and the General Assembly must act to create new jobs for citizens residing in those counties.

(4)������ The health and safety of the citizens of North Carolina will be served through the assessment and remediation of known and unknown environmental conditions at manufacturing facilities.

(5)������ The public interest will be served by State acquisition of title to real property located within significant State property holdings after manufacturing operations have permanently ceased, remediation has been completed, and the buildings associated with the manufacturing operation have been removed.

(6)������ The public interest of the State will be served by encouraging owners of idle manufacturing facilities to transfer ownership in property in order to make it possible for new operators to restart production at these facilities.

(b)������ For purposes of this Article, a new operator is an entity that proposes to restart operations at a manufacturing facility located within a manufacturing redevelopment district created under this act. (2005‑462, s. 1.)