Commissioners will consider new economic incentive policy
A proposed economic incentive policy, slated for discussion during the Lee County Board of Commissioners’ meeting Monday, narrows the criteria for businesses seeking county funds.
A prospective company moving to the area will not receive economic incentives from the county unless it creates 25 full-time jobs, makes a $20 million investment and is not a direct competitor to a current business, among other conditions, under a draft economic incentive policy set to be debated during the 6 p.m. Monday meeting at the Lee County Government Center, located at 106 Hillcrest Drive.
According to the resolution, incentives will not be given to a company unless Lee County is in competition with another area outside North Carolina and, only if, Lee County is not in competition with another area within North Carolina. A company receiving an incentive would have to commit to maintaining the number of jobs created, regardless of seasonal hirings.
“The county reserves the right to review all proposals and recommendations for or against incentive offers by the (Lee County Economic Development Corporation) and to make the final decision on incentive awards on the basis of what is in the best interest for the citizens of Lee County,” according to the resolution.
Other items on the agenda:
* Review applications for the Lee County Environmental Review and Advisory Committee.
* Discuss a resolution against a bill in the North Carolina Senate that would move Lee County into an economic region based around Charlotte. Lee County is currently in the Raleigh-Durham region.
* Consider a facility use policy for county buildings.
* Review a presentation on the Lee County Young Commissioners program.