Economic Incentive Policy Uses Carrot Rather Than Stick
On Thursday, March 4 at 2 p.m., the Greensboro City Council is holding a virtual work session on the newly revised “Economic Development Incentive Program Guidelines.” The new proposed guidelines do not attempt to force any prospective employer to hire employees from a certain area of Greensboro. Instead of forcing companies to hire from economically distressed areas, the guidelines offer additional money to companies already receiving economic incentives that hire a portion of their workforce from the impact zones and also that hire people through the Greensboro Workforce Development Department’s NCWorks Career Centers.
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