NC Restarts Effort to Freeze Clean Energy Mandate
North Carolina is making another effort at freezing the state's 12.5% by 2021 renewable energy standard, via a bill introduced by lawmaker Chris Millis. Arguing that the mandate that requires state utilities to purchase some of their energy from renewable sources is overly expensive, Millis said that the state has given US $1.6 billion in tax credits to renewable energy firms since 2010.
Jobs Incentives in Poorer NC Counties Focus of New Bill
A key North Carolina state senator wants to change how the state's primary economic incentives tool is used and promoted so that more benefits go to companies that promise to create jobs in the state's poorer regions. Senate Majority Leader Harry Brown of Jacksonville is an author of a bill approved Tuesday by the Senate Finance Committee that addresses the Job Development Investment Grant.
RLF Included in Project Funding for NC Solar Project
Canadian Solar Inc., one of the world's largest solar power companies, today announced that it has secured financing for its 92 MWp IS-42 solar power project near Fayetteville, North Carolina. The financing is in the form of a debt facility with Prudential Capital Group and a tax equity investment commitment from U.S. Bancorp Community Development Corporation (USBCDC).
Coastal NC Towns Brace for Beach Funding Cuts
Coastal North Carolina could be looking into a budgetary abyss if local and state entities don't adapt quickly to new funding realities.
Incentives Lure Facebook Data Center to Sarpy County
Lured at least in part by millions in state tax incentives, Facebook will pour at least $200 million, likely much more, into building a 970,000-square-foot data center campus south of Papillion.
CDFA National Summit Call for Submissions
CDFA is accepting sessions submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged. Submissions are due by May 12, 2017.
Trilliant Networks Moving Global Headquarters to Research Triangle
Trilliant Networks will establish its global headquarters in the Research Triangle Area, creating 130 jobs over the next five years. Trilliant's expansion in Wake County will be facilitated, in part, by a Job Development Investment Grant (JDIG) approved by the state's Economic Investment Committee.
Incentives, Affordable Housing Bonds Among Changes Advocates Propose in Charlotte
Charlotte-Mecklenburg Opportunity Task Force released its long awaited report on how to improve economic mobility for the city's poor which included concrete recommendations for affordable housing. Among the recommendations are a three fold increase in affordable housing bonds and to explore more tax incentives.