North Carolina Economic Development Guide

2017

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16 N O R T H C A R O L I N A E C O N O M I C D E V E L O P M E N T G U I D E 919.755.0505 l info@allen-pinnix.com immigration-naturalization-law.com 1101 Oberlin Rd., Suite 102, Raleigh, NC 27605 Jack Pinnix is a NC Board Certified Immigration Specialist ALLEN & PINNIX, P.A. WHEN RESULTS MATTER, EXPERIENCE COUNTS Immigration Strategies for Employing Foreign Nationals John L. Pinnix • Multinational Personnel Transfers - Executives/Managers/Specialized Workers • TN Status for Canadian and Mexican Citizens (NAFTA) • H-1B Specialty Occupations • E-2 Treaty Investors and Essential Employees • Employment Based Green Cards Comprehensive Immigration Representation for Over 35 Years $30 Million 919-205-1232 www.JCNCED.com In the South, we were always taught not to "toot" our own horn… But a few notes of praise never hurt anyone. Only minutes from Raleigh NC and located at the crossroads of I-95/I-40 and the CSX/Norfolk rail, Johnston County is in an enviable posiƟon for recruiƟng new, high-tech companies with close proximity to the RTP, RDU and three renowned research universiƟes. 2015 - 2016 Announced Investments $1.8 Billion $375 Million There's no silver bullet to how you attract millennials, but North Carolina is still a relatively aff ordable environment. Taxes, housing and energy costs are all considerably at or below the national average. We've got a lot of things naturally fl owing to our advantage. HOW IMPORTANT IS INTERNATIONAL INVESTMENT? It's very important. Historically, when you look at the number of business-recruitment projects and expansion deals that we are competing for, about a third are foreign-owned companies. Europe, Canada, Asia are probably the three largest markets. We are increasingly seeing deals fl ow from India, Turkey and China. We've really tried to beef up our foreign direct investment attraction eff orts, focusing on the businesses that are looking to set up operations here in the U.S. We've tried to strengthen that approach in hopes it will lead to more deals that North Carolina can compete for and ultimately win. DO INCENTIVES MATTER? In 90% of the cases where we are competing with other states to attract a particular employer or to convince an existing employer to grow, incentives are part of the conversation. For some companies, absolutely, it's going to break the tie between North Carolina and another location. For other companies, it may be somewhat less important. You still have to have a strong business case in all the other areas that a company is evaluating, such as the overall cost of business from tax, energy and real-estate perspectives. You still have to have an available workforce and institutions that can crank out that future workforce, such as two- and four-year colleges, K-12 schools, etc. You still have to have good infrastructure and locational access to whichever markets a company is trying to serve. All of these things are going to be weighed in diff erent proportions by each individual company. But incentives are not the only thing.

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