Greensboro city staff is recommending the City Council use a carrot rather than a stick in its incentives policy.
It was expected that after three work sessions held last fall on economic development the City Council would pass the new economic development incentive program guidelines at the Feb. 16 meeting.
However, Councilmember Sharon Hightower said she wanted companies that received economic incentives that were locating in an economic impact zone to be required to hire 10 percent of their employees from the two impact zones, areas that have been identified as economically distressed.
Mayor Nancy Vaughan jumped on the bandwagon and said, “Maybe 10 percent is not high enough.”
That statement resulted in a discussion of just how high the percentage should be. Hightower said she would be okay with 30 percent, 40 percent or 50 percent.
Councilmember Justin Outling said that setting a percentage could be “counterproductive.”
And Councilmember Marikay Abuzuaiter said, “I don’t see how we can require that of companies when the city doesn’t require that of itself.”
The result of Hightower’s proposed amendment is that 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.
A company that is offered economic incentives by the City of Greensboro can receive an additional $250 incentive per job for each new hire that resides in an impact zone. The company can also receive an additional $250 incentive per job for each hire through the city’s Workforce Development Department.
And there is a limit the total amount in additional incentives a company can receive. The amount cannot exceed 10 percent of dollar amount awarded to a company.
It’s a miracle!
A sensible decision by the Council.
Will wonders never cease?
What a crock of horse pucky what smart company would want to locate here. Get rid of this mayor and council as soon as possible
As an outsider who gets your news feed, y’all sure do trash your mayor and council a lot. Either they’re that bad or they don’t care what (some) think cause they’ll get re-elected anyway. As a black man, I see black politicians overplaying the include everyone theme when everyone, some by their own accord, are not worthy or qualified. One councilman did seem right in saying the city/county don’t require government hire from their own citizens so maybe the council will see the light. They need to focus on getting kids ready for work and out of the streets. Then if they end up in the streets that’s on them. But don’t tell me WHO I gotta hire from amongst the people!
Alston needs to go!