Top economic development and business officials on Wednesday joined Commerce Secretary Sharon Decker in calling for a special lawmaking period this year. Decker told the N.C. Economic Development Board at its meeting in Raleigh that job recruiters are “in a difficult spot” after the General Assembly’s failure in its just-ended session to add more money for Job Development Investment Grants and create a special, flexible fund aimed at closing deals in the latter stages of negotiations with companies.
McCrory spokesman Ryan Tronovitch said Wednesday that he had no news to report about a possible special session.
Decker told board members that money in the popular JDIG incentives fund would run out by late October without legislative action to increase the cap. The state, she said, is pursuing a large project that would take 80 percent of the fund’s balance, leaving little cash for about 30 other projects – and roughly 10,000 jobs – that are “in the pipeline.”