RESOLUTION - ECONOMIC INCENTIVES GUUIDELINES - #2013-24

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LEE COUNTY Committed Today for a Better Tomorrow RESOLUTION BY THE LEE COUNTY BOARD OF COMMISSIONERS ECONOMIC INCENTIVES GUIDELINES WHEREAS, Chapter 158 of the General Statutes of North Carolina authorizes counties to engage in economic development activities; and WHEREAS, North Carolina General Statute 153A -449 authorizes counties to contract with and appropriate money to a corporation to carry out any public purpose that a County is authorized by law to perform; and WHEREAS, it is the sense of the Board of Commissioners for Lee County that the County should engage in activities designed to encourage economic growth in the county and that the LCEDC should be employed to undertake such activities on behalf of the County; and WHEREAS, LCEDC, by action of its Board of Directors, has indicated its willingness to perform such activities on behalf of the County; and WHEREAS, there are a variety of ways the County of Lee provides assistance to industries and businesses seeking to locate within its boundaries. These guidelines deal solely with direct financial assistance; and WHEREAS, under the authority of NCGS 158 -7.1, the Board of Commissioners desires to establish Economic Incentives Guidelines that comply with North Carolina Law and give the LCEDC guidelines to follow in discussing the county's economic incentive options that may attract new businesses or retain existing businesses; NOW, THEREFORE, BE IT RESOLVED that the Lee County Board of Commissioners adopts the following Economic Incentives Policy; 1) No incentive will be considered for a new or existing business unless Lee County is competing with a jurisdiction outside the state of North Carolina to locate or retain that business in Lee County. 2) No incentive will be offered to any business or business unit of a company presently operating in another county of North Carolina for the exclusive purpose of recruiting that business or business unit to relocate to Lee County. 3) Economic incentives will not be offered to a prospective new business that would directly compete for market share with an existing business in Lee County if, in the opinion of the Board of Commissioners, the incentive would represent a threat to the survival of the pre- existing business. (Note - this guideline may be waived if the pre- existing business has previously received an economic incentive from a public sector jurisdiction.)