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Fv -n <br />U (_i <br />LEE COUNT <br />Y <br />Committed Today for a Better Tomorrow <br />DRAFT ECONOMIC INCENTIVES GUIDELINES <br />March 18, 2013 <br />WHEREAS, Chapter 158 of the General Statutes of North <br />to engage in economic development activities; and <br />WHEREAS, North Carolina General Statute 1 <br />with and appropriate money to a corporation to carry <br />authorized by law to perform; and <br />WHEREAS, it is the sense of the Board of Commisill <br />County should engage in activities designed to encourage econi <br />that the LCEDC should be employed to unrtake such activities <br />WHEREAS, LCEDC, by action of its <br />perform such activities on behalf of the Cou <br />WHEREAS, under the authority of NCG <br />to establish an Economic Inaantives Policy th <br />the LCEDC guidelines t discussing it <br />and retain existing bu ' sses; <br />Incentives Policy; <br />Economic <br />,, e will be c6nsidered for a new or existing business unless Lee County is <br />With a jurisdiction outside the state of North Carolina to locate or retain <br />in Lee County. <br />will be offered to any business or business unit of a company presently <br />another county of North Carolina for the exclusive purpose of recruiting <br />ss or business unit to relocate to Lee County. <br />4) <br />No entive will be offered to a prospective new business that would directly <br />co Tete for market share with an existing business in Lee County if, in the opinion <br />of the Board of Commissioners, the incentive would represent a threat to the survival <br />of the pre- existing business. <br />The new or expanding business must create and maintain a minimum of 25 new <br />jobs in Lee County to be considered for an incentive. An existing business will be <br />required to maintain the same number of existing jobs as well as create the 25 new <br />jobs. The business will be required to maintain all jobs for the duration of the <br />its willingness to <br />158 -7.1, the Board of Commissioners desires <br />96mplies with North Carolina Law and gives <br />ntive possibilities that attract new businesses <br />counties <br />izes counties to contract <br />purpose that a County is <br />V r Lee County that the <br />growth in the county and <br />behalf of the County; and <br />RESOLUTION BY THE LEE COUNTY BOARD OF COMMISSIONERS <br />