Agenda - 01-31-2014 - 1 - Laserfiche WebLink

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• Majority of the 40 surveyed counties & cities review projects on a case -by- case basis to determine their incentives. Majority have informal guidelines. • Value of inducement agreements range from a low of 50% of taxable value on the investment, up to 100 %. A few counties (Durham County) & towns (City of Mebane) set their incentive as a percentage (1% - 5 %) of the project's capital investment, instead of calculating a % of the taxable value. • Most common terms offered are up to 5 years. Some offer 7 —10 years. • Minimum guidelines for $ investment and job creation vary, and some municipalities award higher grants in their designated economic zones.