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North Carolina Offers Costliest Incentives Ever to Win Nucor Steel Plant.
Knight Ridder/Tribune Business News
Jun. 2--North Carolina broke its record for job-wooing tax breaks -- set less than two months ago -- with a $155.2 million offer announced Monday to bring 300 top-paying jobs to the state's poor northeast.
As soon as Wednesday, the N.C. Senate could begin debating the incentive package designed to win a $300 million Nucor steel mill for rural Hertford County. The steelmaker, based in Charlotte, would start the mill next year and employ 300 people at an average annual wage of $60,000 -- more than triple Hertford's average manufacturing wage.
"This is truly an historic day," Gov. Jim Hunt said at a news conference in Charlotte Monday morning. "It promises a new day for northeastern North Carolina ... where many people are literally dirt…
- North Carolina Lawmakers OK Tax Breaks for Federal Express, Nucor.
- Newspaper article from: Knight Ridder/Tribune Business News Batten, Taylor July 14, 1998 700+ words
...Tuesday to give Federal Express and Nucor nearly...in northeastern North Carolina. Federal Express will receive up...to the state of North Carolina." Other critics...it invests in Federal Express and close to...
- Triangle Airport in North Carolina Faces Future without Federal Express.
- Newspaper article from: Knight Ridder/Tribune Business News Reed, Ted April 20, 1998 700+ words
...intense competition between the six cities it identified as potential sites -- and between the two Carolinas. Brantley North Carolina assembled an incentive package valued at $142.3 million, the biggest in state history, to attract the hub, which will...
- Developers in North Carolina's Piedmont Triad Support Federal Express Hub.
- News wire article from: High Point Enterprise (High Point, NC) June 29, 2001 700+ words
...Byline: Paul Johnson Jun. 29--Triad Economic developers on Thursday began laying the roadbed for a future path with the Federal Express cargo hub. But a critic of the controversial project said a road to the future of the region's economy with the FedEx...
- Issue of Proposed Federal Express Hub Proves Divisive for North Carolina Area.
- Newspaper article from: Knight Ridder/Tribune Business News April 17, 2001 700+ words
...Ridder/Tribune Business News Apr. 17--The proposed Federal Express Corp. cargo hub remains four years from reality, but it...a professor of political science at the University of North Carolina at Greensboro. "The issue of urban sprawl has come to...
- Timeline for Federal Express Cargo Hub in North Carolina May Grow Longer.
- Newspaper article from: Knight Ridder/Tribune Business News November 19, 2001 700+ words
...Business News Nov. 19--The Piedmont Triad Airport Authority has a long timetable ahead of it for 2002-03 regarding the Federal Express cargo hub project. The timetable could grow considerably longer if FedEx hub opponents are successful in gaining a court...
- Elected Officials Stand by Federal Express Cargo Hub Project in North Carolina.
- News wire article from: High Point Enterprise (High Point, NC) November 27, 2001 700+ words
...B. Johnson Nov. 27--Two congressmen who represent the Triad and Sen. John Edwards say they continue to support the Federal Express Corp. cargo hub proposal. Comments followed the release earlier this month of an environmental impact study of the project...
- Federal Express Expansion Prompts Airport Discussion in North Carolina.
- Newspaper article from: Knight Ridder/Tribune Business News Johnson, Paul B. December 8, 1999 700+ words
...and 35 people would like to deliver a plan on how to deal with growth around Piedmont Triad International Airport before Federal Express Corp. begins delivering packages out of its massive cargo hub in about five years. The citizens and officials from Guilford...
- Federal Express Plans to Utilize New Navigation Technology.
- Newspaper article from: Knight Ridder/Tribune Business News Conner, Charles November 2, 1999 700+ words
...Wilbur Wright never knew exactly where they were, once they left the ground on the Outer Banks of North Carolina nearly 100 years ago. Federal Express Corp., the Federal Aviation Administration and Boeing Co. are betting that new generation...
- North Carolina Governor Pushes for Incentives to Attract New Companies.
- News wire article from: Charlotte Observer (Charlotte, NC ) April 25, 2004 700+ words
...says. Shedding jobs North Carolina has been shedding jobs...plant in northeastern North Carolina and a $142 million package for a Federal Express hub in Greensboro...collect in incentives. As North Carolina begins to offer better...
- Federal Express Considers Expanding in Ocala, Fla.
- Newspaper article from: Knight Ridder/Tribune Business News September 10, 2002 700+ words
...been working with Federal Express on the project...an official with Federal Express' Pittsburgh headquarters...Baseline Construction of North Carolina will develop the...lease it back to Federal Express, a move that is...
Source: HighBeam Research, North Carolina Offers Costliest Incentives Ever to Win Nucor Steel...
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