News
When Good News Is Bad News
CHARLOTTE — When is good news the cause of bad news for local government and civic leaders? When it comes to the state’s yearly William S. Lee Act tier designations, in which a stronger local economy can reduce incentives for business investing in and state aid to a county. Under the act, businesses can quality for tax credits by creating jobs, engaging in research and development, purchasing new machinery and equipment, or making certain other types of investments. For Lee Act purposes, the state places counties into one of five categories, labeled tier 1 (worst) to tier 5 (best), based upon how well they are doing economically.
Michael Lowrey