North Carolina S557 modifies economic distress categorization for various state programs.
North Carolina S557 modifies how economic distress is categorized for different state programs. It requires certain state entities to develop new criteria for economic development purposes, replacing the current development tier designations. Entities must use the last published development tier designations until they develop new criteria or until July 1, 2027. The bill also mandates that certain counties with high population density be automatically ranked among the lowest for economic distress.
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