NC mega jobs site prospect: FoxConn, Chinese iPhone assembler, Reuters reports

Chinese smartphone assembler Foxconn could be the first company to benefit from a proposed North Carolina incentive program for massive job creation.

N.C. House Speaker Tim Moore said Thursday the state is on the cusp of landing a major industry that would employ 8,600 people in one facility. Moore made his remarks Thursday, after the state legislature approved a new corporate incentive within the state budget sent to Gov. Roy Cooper.

The incentive is designed for a company that invests more than $4 billion and creates at least 5,000 jobs in the state. Such a company would qualify for a refund of its tax bill for up to 25 years. Current law allows up to 20 years, but the most the state has awarded is 12 years.


Author: Lisa the Infidel

I am an #Infidel - born and bred North Carolina.

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