Bill Text: NC S489 | 2011-2012 | Regular Session | Amended
Bill Title: Effectiveness of Job Creation Programs
Spectrum: Partisan Bill (Republican 8-0)
Status: (Introduced - Dead) 2011-05-19 - Ref to the Com on Commerce and Job Development, if favorable, Finance [S489 Detail]
Download: North_Carolina-2011-S489-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
S 1
SENATE BILL 489
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Short Title: Commerce Tracks Job Creation/Public Database. |
(Public) |
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Sponsors: |
Senators Rucho; Apodaca, Brock, Brown, Clary, Hartsell, Hise, and Rouzer. |
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Referred to: |
Finance. |
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April 4, 2011
A BILL TO BE ENTITLED
AN ACT to require the department of commerce to maintain an online public database and to post information on the internet measuring job creation, retention, and wage attainment in north carolina resulting from state and local government economic development incentives.
The General Assembly of North Carolina enacts:
SECTION 1. Article 10 of Chapter 143B of the General Statutes is amended by adding a new Part to read:
"Part 2L. Monitor and Assess Job Creation.
"§ 143B‑433.1. Department of Commerce – Public database of job creation, retention, and wage information.
(a) Database. – The Department of Commerce shall create and maintain an electronic database available to the general public on the Internet that contains data on each business or joint private venture that the State, in whole or in part, has granted any discretionary economic development incentive after January 1, 2005, but not to include any project while under development or during competition with another state or nation.
(b) For the purposes of this Part, "economic incentives" includes, but is not limited to, any incentive provided through any of the following sources, or any successor to any of these sources:
(1) The Job Development Investment Grant.
(2) The One North Carolina Fund.
(c) The Department of Commerce shall update the database quarterly. The public Internet interface to the database must allow the user to search and prepare custom reports through an interactive menu and through a full text search engine. At a minimum, the data must contain all of the following:
(1) A unique project identification number and a unique descriptor or title.
(2) The date of the award agreement.
(3) The name, mailing address, telephone number, and Web site of the business recipient, or recipients if a joint venture, and the physical location (or the county if undecided) of the site receiving the incentive.
(4) The name and title of at least two State officials or employees who may provide further information.
(5) The Department of Commerce tier designation of the county of physical location on the date awarded.
(6) The North American Industry Classification System six digit code and NAICS category of business receiving the incentive.
(7) Text of any letter or public announcement of the incentive by the Governor or Department of Commerce.
(8) The sources and dollar value of State incentives by program name.
(9) The sources and dollar value of local government funds provided by any locality and the nature of local funding including, but not limited to, cash; fee‑waivers; in‑kind services; and donation of land, buildings, or other assets.
(10) The intended use of the incentive by any category or categories to which State law restricts or limits uses of incentive funds or, if not restricted, the intended purpose.
(11) The competing states or nations vying for the business receiving the incentive.
(12) A table identifying the number of created or retained job goals and the calendar date for achievement of job goals, and the actual jobs created or retained by those calendar dates.
(13) The average wage goal for the group of new full‑time jobs being created or retained, the average wage actually obtained, and how actual wage amounts are documented.
(14) The projected cost per job created or retained, including State and local funds.
(15) An abstract or executive summary describing the findings of any fiscal impact analysis of the incentive on direct and any indirect tax collections compared to the State and local investment in the venture.
(16) An abstract or executive summary describing the findings of any economic analysis describing the impact of the incentive on North Carolina Gross Domestic Product.
(17) Any clawbacks or refunds received and any amounts owed but uncollected from the recipient.
"§ 143B‑433.2. Department of Commerce – Internet posting of summaries of incentive grants; format.
In addition to the public database required by G.S. 143B‑433.1, beginning July 1, 2011, and updated monthly thereafter, the Department of Commerce shall post on the Department's Internet Web site a summary of all discretionary incentive grants depicted in graphical dashboard format, as follows:
(1) Total number of projects completed or terminated since January 1, 2005, not meeting, within five percent (5%), and number above five percent (5%) of jobs created or jobs retained goals and by year for 2005, 2006, 2007, 2008, 2009, 2010, and 2011 and annually thereafter.
(2) Total number of projects completed or terminated since January 1, 2005, not meeting, within five percent (5%), and number above five percent (5%) of average wage goals and by year for 2005, 2006, 2007, 2008, 2009, 2010, and 2011 and annually thereafter.
(3) Total State funds and total local funds invested in completed or terminated projects since January 1, 2005, and by year for 2005, 2006, 2007, 2008, 2009, 2010, and 2011 and annually thereafter;
(4) Total jobs retained and jobs created from completed or terminated projects since January 1, 2005, and by year for 2005, 2006, 2007, 2008, 2009, 2010, and 2011 and annually thereafter.
(5) Total cost and cost per job created and per job retained including total State funds and local funds or contributions resulting from projects completed or terminated since January 1, 2005, and by year for 2005, 2006, 2007, 2008, 2009, 2010, and 2011 and annually thereafter.
(6) Total clawbacks or refunds received and any amounts owed but uncollected from the recipient from projects completed or terminated since January 1, 2005, and by year for 2005, 2006, 2007, 2008, 2009, 2010, and 2011 and annually thereafter.
(7) Total number and percentage of active grants made to ventures achieving the following percentages of the scheduled job creation or retained goal:
a. Greater than or equal to one hundred percent (100%).
b. From seventy‑five percent (75%) to ninety‑nine percent (99%).
c. From fifty percent (50%) to seventy‑four percent (74%).
d. From one percent (1%) to forty‑nine percent (49%).
e. Zero percent (0%).
(8) Total number and percentage of active grants made to ventures achieving the following percentages of the average wage goal.
a. Greater than or equal to one hundred percent (100%).
b. From seventy‑five percent (75%) to ninety‑nine percent (99%).
c. From fifty percent (50%) to seventy‑four percent (74%).
d. From one percent (1%) to forty‑nine percent (49%).
e. Zero percent (0%).
"§ 143B‑433.3. Reports.
(a) By July 1, 2011, then quarterly thereafter, the Department of Commerce shall report in writing to the Joint Legislative Commission on Governmental Operations, the Program Evaluation Division, and the Fiscal Research Division on the information required by G.S. 143B‑433.1(c).
(b) By October 1, 2011, and then quarterly thereafter, the Department of Commerce shall report to the General Assembly on any favorable or unfavorable trends in the achievement of job creation, retention, and wage goals and on any action taken on grantees where clawbacks are in force and actions planned.
(c) Reference by the Department of Commerce to any existing report where any required information is available but prepared for a different purpose or reference to information on file or available upon request will not satisfy requirements of this Part."
SECTION 2. This act is effective when it becomes law.
