NCEDA is the primary voice promoting and supporting the interests of economic development in our state. That includes the responsibility for advocating with elected officials, other state policymakers and key community and business organizations.
Through the Legislative Committee, NCEDA takes a proactive approach to working with the members of the North Carolina General Assembly and others within state government whose actions and decisions impact our state’s business climate and its ability to recruit new employers and help existing ones grow. We work with our partners to advocate for policies, initiatives and programs that promote job creation, encourage investment and result in economic prosperity throughout North Carolina. We also communicate regularly with our members to keep them informed about relevant legislation .and other news
2022 Economic Development Legislative Priorities
Product Development and Site Readiness
- Vigorously address North Carolina’s disadvantage vis-à-vis competing states in its inventory of industry-ready sites, mega-sites and buildings. NCEDA seeks $100 million in Recurring/NR funding for a product development grant and revolving-loan program to help communities finance land acquisition, site readiness and speculative building needs in Tier I and Tier 2 counties and rural Census tracts in Tier 3 counties.
- Boost support for existing efforts to improve existing industrial and business properties through a $20 million recurring appropriation for the NC Department of Commerce’s Building Re-use Grant programs.
- Encourage the state’s distressed communities to invest in ready-to-go industrial sites by aligning IDF-Utility Account eligibility guidelines with those of the Building Re-use grant program to include opportunities in rural Census tracts of Tier 3 counties.
- Correct North Carolina’s workforce development disadvantage by approving NCCCS’s request for salary alignment with neighboring states: building on the current 5% employee compensation increase with an additional 8% over the coming three years.
- Address deficiencies in North Carolina’s labor market by studying possible amendments to the Unemployment Insurance (UI) program that offer employers the flexibility to temporarily reduce work hours (i.e., “short-term compensation”) in lieu of complete worker separation, as well as other measures to maximize the state’s workforce assets.
Enhancing Our Competitive Posture
- Improve the impact of the One North Carolina program by increasing the employment ceiling for Tier 3 counties covered under G.S. 143B-437.08 to 140,000.
- Embrace opportunities to maximize the effectiveness of the One North Carolina program as a project-closing tool by studying the program’s administrative guidelines, funding levels and other limitations.
- Support the re-shoring of the semiconductor industry with Congressional passage of U.S. Innovation and Competition Act (USICA), which provides $52 billion in funding for the CHIPS for America Act.