North Carolina officials want to close the gap with South Carolina and other states that offer larger incentive packages and lower tax rates to lure companies – sometimes causing Charlotte to miss out on hundreds of jobs.
Economic development officials have long dueled with South Carolina and other states with aggressive incentive programs. It’s a particular problem in Charlotte, where companies can cross the state line for tax benefits while staying close to the city’s airport, labor force and urban amenities.
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South Carolina Association of Taxpayers 