Expands the uses for megasite funding in North Carolina to include advanced manufacturing site selection.
The bill modifies the allocation of funds in the North Carolina Economic Development Partnership Capital Fund to include engaging a national site selection firm for advanced manufacturing site selection. It allows for the use of funds to acquire megasites for advanced manufacturing, subject to certain conditions and limitations. The allocation of funds is based on development needs, prior investment, and local government participation.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.