Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | North Carolina |
| Effected Jurisdiction: | North Carolina |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2019 |
| Program name: | Job Development Investment Grant (JDIG) |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | North Carolina General Statute Chapter 143B Article 10 Part 2G |
| Abating jurisdiction(s): | State of North Carolina |
| Applicable taxes: | State Income Tax |
| Method of abatement: | Retention of withholding tax |
| Provisions for recapture: | If the business receiving a grant fails to meet or comply with any condition or requirement set forth in an agreement, the amount of the grant or the term of the agreement shall be reduced, the agreement may be terminated, or both. If a business fails to maintain employment at the levels stipulated in the agreement or otherwise fails to comply with any condition of the agreement for any two consecutive years, the grant payment will be withheld for any consecutive year after the second consecutive year remaining in the base period in which the business fails to comply with any condition of the agreement. If the business is no longer within the base period, the agreement shall be terminated. |
| Gross revenue loss: | $46,500,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $46,500,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.osc.nc.gov/public-information/reports/report-archives/annual... |
