Business Investment Program
The Board agreed to update guidelines for the Business Investment Program (BIP), the County's primary economic development incentive program for the recruitment and retention of major employers. The guidelines provide guidance to the Board of Commissioners when considering grant requests. Typically, the grants consist of the return to the company of an amount equal to 50% to 90% of the taxes paid on the new investment for three or five years. Most of these grants, of which 35 are currently active, have been done in conjunction with the City of Charlotte. Once a grant has been approved by the elected bodies, a written contract is entered into with the company. Updates to the guidelines are as follows:
1. Update Program Geography
2. Increase Flexibility in Wage requirements
3. Strengthen Program to be More Competitive for Retention Efforts
4. Evaluate a New Provision for Major Headquarters Projects
5. Increase Supplier Relationships with Local Businesses and Encourage Local Hiring
Small Business Funding
The Board Received an update small business loan programs in Mecklenburg County. At a previous meeting, the Board requested information on existing small business loan and possible opportunities for the County to be involved in this effort. Given that there are eight existing small business loan programs, the staff conclusion is that there is not a necessary role for the County in this effort. The Board agreed and decided not to initiate its own program at the present time.
Brooklyn Village Agreement Amended
The Board approved an amendment to the Brooklyn Village/Knights Stadium Interlocal agreement.
On November 20, 2012, the Board of Commissioners approved an Amendment to the Agreement to sell the Brooklyn Village parcels extending the original deadline to purchase the parcels from December 1, 2012 until June 1, 2013. City management proposed in December 2012 that the Charlotte City Council and the Board of Commissioners amend the Interlocal Agreement to extend the time for the County to sell the Brooklyn Village parcels until June 1, 2013, and to amend and re-record the Declaration of Restrictive Covenants so that, if the Brooklyn Village parcels are sold by June 1, 2013, that the purchaser will be required to include the affordable housing required by that Declaration of Restrictive Covenants. This matter also will be considered by the Charlotte City Council at its January 28, 2013 meeting.
North Carolina Families Accessing Services through Technology (NC FAST) is a program designed to improve the way the NC Department of Health and Human Services and county departments of social services do business. NC FAST introduces new technological tools and business processes that will enable workers to spend less time on administrative tasks and more time assisting families.