2009 North Carolina Code
Chapter 143B - Executive Organization Act of 1973.
§ 143B-437.52. Job Development Investment Grant Program.

§ 143B‑437.52.  Job Development Investment Grant Program.

(a)        Program. – There is established the Job Development Investment Grant Program to be administered by the Economic Investment Committee. In order to foster job creation and investment in the economy of this State, the Committee may enter into agreements with businesses to provide grants in accordance with the provisions of this Part. The Committee, in consultation with the Attorney General, shall develop criteria to be used in determining whether the conditions of this section are satisfied and whether the project described in the application is otherwise consistent with the purposes of this Part. Before entering into an agreement, the Committee must find that all the following conditions are met:

(1)        The project proposed by the business will create, during the term of the agreement, a net increase in employment in this State by the business.

(2)        The project will benefit the people of this State by increasing opportunities for employment and by strengthening this State's economy by, for example, providing worker training opportunities, constructing and enhancing critical infrastructure, increasing development in strategically important industries, or increasing the State and local tax base.

(3)        The project is consistent with economic development goals for the State and for the area where it will be located.

(4)        A grant under this Part is necessary for the completion of the project in this State.

(5)        The total benefits of the project to the State outweigh its costs and render the grant appropriate for the project.

(b)        Cap. – The maximum number of grants the Committee may award in each calendar year is 25.

(c)        Ceiling. – The maximum amount of total annual liability for grants awarded in any single calendar year, including amounts transferred to the Utility Account pursuant to G.S. 143B‑437.61, may not exceed fifteen million dollars ($15,000,000). No agreement may be entered into that, when considered together with other existing agreements governing grants awarded during a single calendar year, could cause the State's potential total annual liability for grants awarded in a single calendar year to exceed this amount.

(d)        Measuring Employment. – For the purposes of subdivision (a)(1) of this section and G.S. 143B‑437.51(5), 143B‑437.51(7), and 143B‑437.57(a)(11), the Committee may designate that the increase or maintenance of employment is measured at the level of a division or another operating unit of a business, rather than at the business level, if both of the following conditions are met:

(1)        The Committee makes an explicit finding that the designation is necessary to secure the project in this State.

(2)        The agreement contains terms to ensure that the business does not create eligible positions by transferring or shifting to the project existing positions from another project of the business or a related member of the business.  (2002‑172, s. 2.1(a); 2003‑416, s. 2; 2003‑435, 2nd Ex. Sess., s. 2.2; 2004‑124, ss. 32G.1(b), 32G.1(c), 32G.1(e); 2006‑168, s. 1.2; 2006‑264, s. 69(b); 2009‑394, s. 1.)